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    URW   FR0013326246

UNIBAIL-RODAMCO-WESTFIELD SE

(URW)
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Unibail Rodamco Westfield : Soltech installs 1,700 sqm of solar cells at the Nacka Forum shopping center

09/02/2021 | 02:01am EDT

The shopping center Nacka Forum will get solar panels on the roof. The global real estate company Unibail-Rodamco-Westfield and Soltech's subsidiary Swede Energy has signed an agreement for a large solar cell installation on the shopping center's roof. The installation will cover an area of just over 1,700 sqm.

The solar energy group Soltech Energy's subsidiary Swede Energy has a long and vast experience of installing large roof-mounted photovoltaic systems. The company will now build an installation of just over 1,700 sqm at Nacka Forum in Stockholm together with the global real estate company Unibail-Rodamco-Westfield (URW), which owns the shopping center. Construction will start in September and the facility is then calculated to produce approximately 300,000 kWh annually.

– It is a great opportunity do this together with URW. It is a real estate company with high demands on sustainability, which this solar energy facility is further proof of. We are proud of to contribute to Nacka Forum knowing that the visitors in the future will benefit from the sun's rays, says André Nylén, regional manager at Swede Energy.

A shopping center with sustainability ambitions
Nacka Forum is one of Stockholm's largest shopping centers with a wide range of local and international tenants. The Nacka Forum works continuously with many objectives to reduce its environmental impact and is already “BREEAM in use”-certified*. Now, Nacka Forum scale up the sustainability work further through the large energy investment.

– For us, it is of great importance to work daily to reduce our climate footprint so that Nacka Forum is a place that contributes to a sustainable urban environment from all aspects. Green energy solutions such as solar energy are completely in line with our sustainability strategy, Better places 2030, and we are very much looking forward to our new solar energy facility, which will, among other things, provide Nacka Forum's 28 electric car chargers with renewable locally produced electricity, says Marie Larsson, Center manager at Nacka Forum.

* BREEAM in use certification: An evaluation method as proof of environmental class where Nacka Forum achieves ‘Excellent’ in the first part, and ‘Very good’ in the second.

© Modular Finance, source Nordic Press Releases

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Sales 2021 2 267 M 2 630 M 2 630 M
Net income 2021 -3 636 M -4 218 M -4 218 M
Net Debt 2021 24 579 M 28 512 M 28 512 M
P/E ratio 2021 -2,27x
Yield 2021 -
Capitalization 8 883 M 10 305 M 10 304 M
EV / Sales 2021 14,8x
EV / Sales 2022 12,6x
Nbr of Employees 3 049
Free-Float 78,2%
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Last Close Price 64,09 €
Average target price 65,75 €
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Jean-Marie Tritant Group Chief Executive & Operating Officer
Fabrice Mouchel Group Chief Financial Officer
Jean-Luc Neez Director-Finance
LÚon Bressler Chairman-Supervisory Board
Olivier Bossard Chief Investment Officer
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