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Which REIT has the Largest Development Pipeline in the Industry?

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Unibail-Rodamco-Westfield recently revealed that it boasts an unrivaled development pipeline of €13 billion which equals about $15.2 billion US dollars.

The group’s projects shape a positive and sustainable urban environment, contributing to better cities and better communities. Some of the current development projects include Valley Fair, Santa Clara, United States; Mall of the Netherlands, The Hague, The Netherlands; Triangle, Paris, France; Überseequartier, Hamburg, Germany; Westfield Milan, Milan, Italy; and Croydon, London, United Kingdom.

Earlier this month, Unibail-Rodamco completed the acquisition of Westfield to form Unibail-Rodamco-Westfield. The deal combined two of the strongest and most respected names in the real estate industry to build on their legacies, according to a prepared statement at the time. The portfolio was valued at €62 billion of which 88% in retail, 7% in offices and 6% in convention and exhibition venues.

Christophe Cuvillier, group chief executive officer said at the time of closing that it was an extraordinary day “as we bring together Westfield’s and Unibail-Rodamco’s outstanding assets and 3,700 talented professionals. We look forward to writing together a new chapter in our history. With an unparalleled track-record and know-how in retail, offices, and convention and exhibition venues, the group is ideally positioned to generate superior value and develop world-class projects.”