{"id":218538,"date":"2022-10-27T06:59:01","date_gmt":"2022-10-27T05:59:01","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=218538"},"modified":"2022-10-27T18:05:21","modified_gmt":"2022-10-27T17:05:21","slug":"westfield-owner-urw-reports-growth-in-2022","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/westfield-owner-urw-reports-growth-in-2022\/","title":{"rendered":"Westfield owner URW reports growth in 2022"},"content":{"rendered":"

Unibail-Rodamco-Westfield, owner of the Westfield Shopping Centre franchise, has reported a 20.8% increase in turnover to \u00a32.3 billion (\u20ac2.7 billion) for the first nine months of 2022.<\/strong><\/p>\n

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This growth reflects post COVID-19 recovery, dynamic leasing activity and asset deliveries in shopping centres, leasing progress on offices and the improvement of its convention and exhibition division, partly offset by the impact of disposals.<\/p>\n

Gross rental income for the shopping centre division was up 18.7% to \u00a31.6 billion (\u20ac1.9 billion). This was due to the absence of COVID-19 rent relief, indexation, strong leasing activity, higher sales based rents, commercial partnerships and parking income.<\/p>\n

Revenue from commercial partnerships increased from \u00a339 million (\u20ac46 million) to \u00a366 million (\u20ac76.5 million) in the nine months. This includes \u20ac28.1 million for media, brand and data partnerships activity.<\/p>\n

The total number of leasing deals signed was 1,755, which was up 11% compared to 2021 and 20% higher than 2019.<\/p>\n

For the third quarter,<\/strong> Unibail-Rodamco-Westfield shared the following results:\u00a0<\/strong><\/p>\n