French institutional investor pays €235m for 835,279 sq ft Westfield Forum des Halles
Developer plans to exceed number of homes stipulated by Local Plan
UK shopping centres lag behind with turnover down by 10%
Better engagement with women and girls must become the norm to achieve inclusive development
New plan includes five shops and two food and beverage units
LLDC gives consent for plan to transform car parking space into student accommodation
“Active discussions” ongoing to sell €1.2bn of assets as investor interest improves
Mall owner made €1bn of asset disposals and added €450m of rent in 2023
Operating profit across the shopping centre owner is back to pre-Covid levels at €1.1bn
Latest sales mean Unibail-Rodamco-Westfield has now disposed of €4.7bn of assets
Across the portfolio NRI rose by 29% to €2.2bn
Plans for company’s 1,700-home scheme expected to be approved at planning committee next week