|
|
|
|
23.06.25 - 11:24
|
Peab and URW have reached a settlement agreement regarding Mall of Scandinavia (Cision)
|
|
Through a settlement agreement Peab and Unibail-Rodamco-Westfield (URW) have agreed on a final resolution of all transactions regarding the contract for Mall of Scandinavia. The agreement entails that Peab's liquidity will increase by one billion Swedish kronor in the third quarter 2025, that net financial items in the second quarter 2025 will be charged with around SEK 600 million and that net debt will remain unchanged.
On June 30, 2023 an arbitral award in the case regarding the contract for Mall of Scandinavia was rendered. The arbitral tribunal concurred with Peab's claims for...
|
|
23.06.25 - 11:01
|
Peab and URW have reached a settlement agreement regarding Mall of Scandinavia (Cision)
|
|
Through a settlement agreement Peab and Unibail-Rodamco-Westfield (URW) have agreed on a final resolution of all transactions regarding the contract for Mall of Scandinavia. The agreement entails that Peab's liquidity will increase by one billion Swedish kronor in the third quarter 2025, that net financial items in the second quarter 2025 will be charged with around SEK 600 million and that net debt will remain unchanged.
On June 30, 2023 an arbitral award in the case regarding the contract for Mall of Scandinavia was rendered. The arbitral tribunal concurred with Peab's claims for...
|
|
|
|
03.06.25 - 13:24
|
After success in Svea Court of Appeal: Peab acts to receive payment from URW (Cision)
|
|
On May 28, 2025 Svea Court of Appeal rendered its judgment regarding the challenge of the arbitral award in the case of Mall of Scandinavia in Solna. The challenge by Unibail Rodamco Westfield (URW) was completely dismissed concerning Peab's claims and URW was thereby immediately obliged to pay Peab around SEK 1.6 billion. The payment has yet to be received. In order to enforce Peab's rights Peab has therefore filed for bankruptcy for URW's wholly owned subsidiary Rodamco Projekt AB. This measure has been taken so that Peab through the bankruptcy proceedings can enforce its claim from the...
|
|
03.06.25 - 13:12
|
After success in Svea Court of Appeal: Peab acts to receive payment from URW (Cision)
|
|
On May 28, 2025 Svea Court of Appeal rendered its judgment regarding the challenge of the arbitral award in the case of Mall of Scandinavia in Solna. The challenge by Unibail Rodamco Westfield (URW) was completely dismissed concerning Peab's claims and URW was thereby immediately obliged to pay Peab around SEK 1.6 billion. The payment has yet to be received. In order to enforce Peab's rights Peab has therefore filed for bankruptcy for URW's wholly owned subsidiary Rodamco Project AB. This measure has been taken so that Peab through the bankruptcy proceedings can enforce its claim from the...
|
|
|
26.05.25 - 07:03
|
Wereldhave announces first joint venture, with Sofidy (Tikehau Group), acquiring shopping center Stadshart Zoetermeer in the Netherlands (GlobeNewswire EN)
|
|
Wereldhave and Sofidy (Tikehau Group), a leading European real estate investment and asset management firm, have partnered on the acquisition of shopping center Stadshart Zoetermeer, and parking garages, in Zoetermeer, the Netherlands, from Unibail-Rodamco-Westfield. The asset has a total gross lettable area of approximately 59,000 m² (excluding parking). This acquisition marks Wereldhave's first joint venture and aligns fully with the company's strategy and acquisition criteria. Wereldhave will act as asset, property and leasing manager with the view to enhance the value for all stakeholders through its proficient Dutch asset management platform and by implementing its LifeCentral strategy....
|
|
|
|
|
|
|
|
|
|
|