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Marion Deslandes Translated by
Roberta HERRERA Published January 6, 2025 Reading time
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URW sells 15% stake in Forum des Halles to Caisse des Dépôts

By

Marion Deslandes Translated by
Roberta HERRERA Published
January 6, 2025

As part of its debt-reduction plan, commercial real estate group Unibail-Rodamco-Westfield (URW) has announced the sale of a stake in its flagship shopping centre in France, Forum des Halles in Paris. French state investment bank Caisse des Dépôts has acquired a 15% share in the 77,600-square-metre property for €235 million, through its investment vehicle CDC Investissement Immobilier.

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Following the deal, Forum des Halles will now be co-owned through a joint venture: URW retains a 50% stake, Axa IM Alts holds 35% on behalf of its clients, and CDC owns the remaining 15%. This operation values the iconic shopping centre at approximately €1.56 billion.

Opened in 1979 and extensively renovated in 2016, Forum des Halles hosts 149 stores and attracts 58.4 million visitors annually. Its tenant mix includes major brands such as Intersport, Stradivarius, H&M, Sephora, Fnac, Aroma-Zone, and Nike. The centre also features 30 restaurants and snack outlets, along with a UGC cinema, making it a hub for both shopping and leisure.

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