Aandeel UNIBAIL-RODAMCO-WESTFIELD PSE:URW.FR, FR0013326246

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HCohen schreef op 4 augustus 2022 10:12:

waarbij in zijn model hogere financiële kosten op middellange termijn worden geïntegreerd met een beperkte impact van de stijging van de rente.

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DividendVent schreef op 5 augustus 2022 07:14:

Weet iemand of AREPS uit de cijfers te vergelijken zijn met AFFO van bijv. Realty Income?

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HCohen schreef op 5 augustus 2022 13:15:

Big Box-conversion

Westfield is razing the old Nordstrom building at UTC
www.sandiegouniontribune.com/business...
www.urw.com/en/website~o~content/asse...
AUG. 3, 2022

The original Nordstrom store at Westfield UTC as seen in 2016 during construction of the mall’s parking garage and new storefronts.(San Diego Union-Tribune)
Shuttered for years but still visible to passersby, the big-box relic of the open-air mall’s past is now set for demolition

The former Nordstrom store at Westfield UTC in University City, a windowless relic of a bygone retail era, will be razed to make room for something new at the operator’s flagship property.

The demolition work is expected to start this month and includes the neighboring dated storefronts that have been fenced off for years.

Westfield hasn’t revealed future plans for the site. However, the activity suggests that parent company Unibail-Rodamco-Westfield is moving forward with a new phase of redevelopment — even as the French firm seeks to simultaneously offload all of its U.S. properties.

“At Westfield, we are passionate about creatively transforming former department store space into exciting and engaging experiences — including highly innovative, non-traditional mall offerings — for our customers and the wider community to enjoy,” said Kim Brewer, who is senior vice president of development for Unibail-Rodamco-Westfield. “We look forward to clearing the former Nordstrom parcel at Westfield UTC and taking another step in the multi-year, resort-inspired evolution of the center which first began nearly a decade ago.”

Opened in 1977, Westfield UTC has undergone a nearly $1 billion transformation over the past 10 years with improvements designed to refashion the outdoor shopping center as a premier dining destination, luxury home address and workplace of the future.

The first phase of work, completed in late 2012 at a cost of $180 million, introduced new facades, a fancier food court and ArcLight Cinemas (the movie theater was recently replaced by AMC).

In 2017, a second, more substantial makeover added 400,000 square feet of space, high-end shops, a five-level parking structure, trendy eateries and office space, at a cost of $600 million. And, in 2019, the mall’s $200 million Palisade residential tower became one of the priciest apartment complexes in town.

Yet just east of Westfield UTC’s glitzy palm-tree lined valet drop-off area, the original Nordstrom building is still standing, visible from La Jolla Village Drive and the mall’s interior. The classic brick-and-mortar building, which opened in 1984, closed in 2017 when a larger Nordstrom store with floor-to-ceiling windows debuted at the west end of the mall.

Unibail-Rodamco-Westfield has not disclosed specific plans for the old Nordstrom site, except to note that the parcel and adjacent structures will be cleared completely before the year’s end.

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HCohen schreef op 15 augustus 2022 16:15:

Artikel inzake positieve trend URW's UK malls
NB zie artikel voor meer data(tabellen en grafieken)

ANALYSIS
Glut of Westfield Lettings Underlines Global Brand Appetite For UK Mall Expansion
The Likes of Nike, Apple, Gucci and Hamleys Are Choosing To Upgrade and Expand Store Space in a Clear Positive Trend
Retailers are upgrading and growing at Westfield London. (Unibail-Rodamo-Westfield)
CoStar News, August 12, 2022
www.costar.com/article/454320532/glut...
Leading global retailers are expanding into close to 100,000 square feet of extra, upgraded space at the Westfield London and Westfield Stratford City shopping centres in a developing trend.

Occupiers including sports equipment stores Nike and Footlocker, tech giant Apple and fashion retailers Gucci, Tommy and Pull&Bear have recently put pen to paper to move into larger stores in West and East London respectively

"You will see more flagship formats testing the market because they want to convey brand identity and deliver halo effects across channels. There is also a repositioning opportunity. A physical store is a way of conveying change and convincing people that you do more things. Having people in stores able to convey the full catalogue can only be done in the best locations too and that is key."

Westfield centres are also seeing an increasing number of up-and-coming brands signing new leases, the group said. In 2022, more than 30 new tenants have been signed to the centres as brands "look to use physical spaces to build closer connections with their audiences".

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roel schreef op 17 augustus 2022 11:48:

en vandaag weer druk in de motn