URW enters agreement to acquire remaining 50% of Westfield UTC
The consideration is about $705 Mn in cash and shares. The transaction is expected to close by end 2026.
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Commercial real estate owner, developer and operator
urw.comLast updated
In short: URW appointed Vincent Rouget as CEO, reported strong 2025 financial results, and moved to acquire full ownership of Westfield UTC in California.
The consideration is about $705 Mn in cash and shares. The transaction is expected to close by end 2026.
The project will create 20,000 sqm of office space under the CNIT vault, with URW's global headquarters relocating by 2028.
Shareholders approved a €4.50 distribution, board renewals, remuneration items, and termination of the Stapled Share Principle; distribution is payable on 2026-05-19.
The project introduces 575 luxury apartments, a town square, shops, restaurants, parks, and sustainability features like renewable energy and EV charging.
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