Unibail-Rodamco

Infobox Company
company_name = Unibail-Rodamco S.A.
company_
company_type = Public (Euronext|UL, Euronext3|ULA)
foundation = 2007
location_city = Paris
location_country = France
key_people = Guillaume Poitrinal (CEO), Robert F.W. Van Oordt (Chairman of the board)
industry = Property
products = Shopping centres, convention centres, office buildings
net_income = €1.141 billion (2007)cite web |url=http://www.unibail-rodamco.com/unibailrodamco/pdf/AnnualReport2007uk.pdf |title=Annual Report 2007 |accessdate=2008-08-19 |publisher=Unibail-Rodamco]
assets = €25.55 billion (2007)
num_employees = 1,560 (2007)
homepage = [http://www.unibail-rodamco.com/ www.unibail-rodamco.com]
intl = yes

Unibail-Rodamco is a Franco-Dutch company, headquartered in Paris, that focuses on investment in commercial property. It is the largest commercial real estate company in Europe. [cite news|url=http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL2260163120080522|title=Unibail-Rodamco in near-$1 bln Austrian mall buy|last=Kemble-Diaz|first=William|date=May 22, 2008|work=Reuters|accessdate=2008-08-19] The main assets managed by the company fall into three categories: shopping centres, convention centres and office properties, and have a total net worth of €26.1 billion.cite web
last = Unibail-Rodamco
title = Corporate profile
url = http://www.unibail-rodamco.com/unibailrodamco/do/Accueil?act=reload&id_rubrique=4
accessdate = 2007-06-26 ] The company was formed by the June 2007 merger of France's Unibail and Dutch-headquartered Rodamco Europe and is a constituent of both the CAC 40 and AEX indices.

History

Unibail

Unibail was founded as a finance leasing unit in 1968 by the company then known as Worms & Cie and listed on the Paris Bourse four years later. In 1991 it was decided to focus the company on the property investment sector, and to phase out involvement in lease financing. Unibail proceeded to build up a portfolio of property including almost 30 shopping centres across France, such as the Forum des Halles and the arcade within CNIT, as well as substantial office property in Paris and La Défense, including the Tour Ariane, and the Paris Expo group of convention centres in and around the French capital. [cite web
last = Unibail-Rodamco
title = Unibail Historical Data
url = http://www.unibail-rodamco.com/unibailrodamco/do/Accueil?act=reload&id_rubrique=5&annee=2007#
accessdate = 2007-06-26 ] [cite web
last = Unibail-Rodamco
title = List of properties
url = http://www.unibail-rodamco.com/unibailrodamco/do/Accueil?act=reload&id_rubrique=34
accessdate = 2007-06-26 ]

Rodamco Europe

Rodamco Europe was formed in 1999 when Rodamco, a property investment fund set up by the Dutch asset management group Robeco in 1979, was broken up into various independent listed companies covering different parts of the world. Rodamco Europe subsequently amassed a portfolio primarily consisting of shopping centres and other retail spaces across 14 European countries, along with some office property in France and the Netherlands, acquiring smaller European rivals in the process. [cite web
last = Rodamco Europe
title = History
url = http://www.rodamco.com/Group/English/1.0+About+Rodamco+Europe/1.5+History/
accessdate = 2007-06-26 ]

Merger

On April 10, 2007, Rodamco Europe announced an agreement to conduct a merger of equals [cite web
last = Rodamco Europe
title = Rodamco and Unibail merger
url = http://www.rodamco.com/Group/English/7.0+Rodamco-Unibail+Merger/Rodamco+and+Unibail+merger.htm?WBCMODE=PresentationUnpublished
accessdate = 2007-06-23 ] with Unibail to create the largest publicly-traded property company in Europe. [cite web
url=http://www.reuters.com/article/ousiv/idUSL1029141420070410
title=Unibail, Rodamco to create European property leader
publisher=Reuters
accessdate=2007-06-23
date=April 10, 2007] The merger was confirmed on 21 June 2007 after Unibail announced the acquisition of 80% of Rodamco's shares, making its offer for the remainder unconditional.cite web
url=http://www.reuters.com/article/mergersNews/idUSL2146206620070621
title=Unibail secures merger with Rodamco Europe
publisher=Reuters
accessdate=2007-06-23
date=June 21, 2007] The merged entity took effect as a société anonyme under the new name Unibail-Rodamco on 2007-06-25. [cite web
url=http://www.forbes.com/markets/feeds/afx/2007/06/25/afx3854086.html
title=Amsterdam shares close slightly lower; Hagemeyer carries the day
publisher=AFX News
accessdate=2007-06-26
date=June 25, 2007]

References

External links

* [http://www.unibail-rodamco.com Official site]