URW: two shopping centers sold in the United States
The combined gross sale price of these two wholly-owned assets of $196 million is equal to their gross market value, and reflects an initial yield of 9.5% on the NOI (net operating income) in place.
With this transaction, the commercial real estate group reports total proceeds to date of $1.3 billion, thanks to the planned radical reduction in its financial exposure in the United States.
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