UNBLF - Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for Euro155M

Unibail-Rodamco-Westfield (OTCPK:UNBLF) shares fell by ~8% after the real estate investment trust said it will sell the high-street retail asset Almere Centrum in The Netherlands for €155M. The company has signed an agreement with a group of private investors led by the UMB Group. The divesture is a part of UNBLF's planned €4B European disposal program. The transaction, expected to complete before July-end, is subject to standard closing conditions.

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Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for €155M