Unibail Sells 5.4 Bln Euros of Assets Since 2007, Tribune Says

Unibail-Rodamco SE (UL) has sold 5.4 billion euros of assets since 2007, La Tribune reported today, citing an interview with Chief Executive Officer Guillaume Poitrinal.

Institutional investors and insurance companies are interested in investing in commercial real estate as the bond market deteriorates, the newspaper said, citing Poitrinal.

Sales have met targets in shopping centers with new and renovated stores, Poitrinal said, according to the newspaper.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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