Unibail-Rodamco-Westfield (URW), one of the leading global shopping mall operators, demonstrated robust operational performance over the review period.
Specifically, the developer reported a revenue increase to $3.38 billion, up from $3.22 billion the previous year.
This growth was supported by a 6.4% rise in tenant sales and a 4.9% increase in footfall, indicating strong consumer engagement and effective tenant management across its portfolio. Tenant sales grew 8% in continental Europe and 5.2% in the UK, while in the US figures surged by 3% compared to 2022, outperforming 2019 levels by 19.2%.
URW has taken decisive steps to enhance its financial health through strategic asset disposals.
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