European property giant Unibail-Rodamco plans to reduce its shopping centre portfolio to 80 large malls from the current 90 as a result of a strategic review of the company's business, CEO Guillaume Poitrinal said on Thursday at the ICSC Europe conference in Amsterdam. Poitrinal said that Unibail-Rodamco is seeking to refocus its activities on a limited number of larger malls which the company believes provide more opportunities to add value. As a result, the Franco-Dutch retail special specialist will continue operating the larger shopping centres in its portfolio, which currently account for about 90% of its retail portfolio’s asset value.
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