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URW sells its stake in Helsinki shopping centre Jumbo for €248.6m
Unibail-Rodamco-Westfield (URW) completed the disposal of its 34% stake in the Jumbo shopping centre in Helsinki to current co-owner Elo Mutual Pension Insurance Company. The net disposal price of €248.6m represents a premium to the December 31, 2018, book value and implies a net initial yield of almost 5%. Jumbo…
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