Unibail-Rodamco announces the acquisition of two Spanish shoppingcentres

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Unibail-Rodamco is pleased to announce the successful completion of
the acquisition from Metrovacesa of the shopping centres 'La
Maquinista' and 'Habaneras' in Spain.
 
The 71,570 square meters 'La  Maquinista' shopping centre is  located
in the inner-city of Barcelona,  one of continental Europe's  largest
cities and tourist destinations.  Barcelona enjoys a very  favourable
restrictive retail planning regime,  resulting in low retail  density
per capita. Unibail-Rodamco has acquired 59,330 square meters in  'La
Maquinista'. The  centre,  with some  15  million annual  visits,  is
anchored by strong international retail chains. As evidenced by a low
initial occupancy cost  ratio of 8.8%  and an extension  opportunity,
the asset benefits from significant upside potential.
The 24,086 square meters 'Habaneras' shopping centre has 5.1  million
annual visits,  and  is located  in  Torrevieja, which  is  a  highly
popular tourist destination with a strong catchment area.
The two  centres are  acquired for  a total  amount of  ¤434  million
including transaction costs. Expected total net rental income is  ¤26
million.
 
The agreement  with Metrovacesa  furthermore includes  an  additional
¤28.5  million  for   a  17,800  square   meters  extension  at   'La
Maquinista', which is subject to building permits.
 
Guillaume Poitrinal, Unibail-Rodamco's  Chief Executive Officer  said
"The very  specific  Spanish  situation  offers  Unibail-Rodamco  the
opportunity to acquire one  of the best  shopping centres in  Europe.
Based on  the very  strong fundamentals  of 'La  Maquinista' and  the
added value of  our management teams,  we expect a  strong return  on
this investment".
 
For further information please contact:
 
Media Relations Unibail-Rodamco                             Investor
Relations Unibail-Rodamco
 
Arie
Bos
Fabrice Mouchel
+31 20 658 25
00                                                         +33 1 53
43 73 03
 
Maxence Naouri
+33 1 53 43 75 47
 
www.unibail-rodamco.com
 
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Unibail-Rodamco
P.O. Box 75600 Schiphol Netherlands
 
ISIN: 
FR0000124711; 
Listed: Compartment A (Large Caps) in EURONEXT AMSTERDAM;