European listed property giant Unibail-Rodamco-Westfield (URW) has announced the sale of its 45% stake in Austria’s largest shopping centre, Shopping City Süd in Vienna, as well as the phased disposal of Aupark in Bratislava, Slovakia for €930 mln.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
