Westfield-Owner Unibail Forecasts Tough 2021 After Q1 Revenue Slumps

Westfield Shopping Centre. Shutterstock.

Westfield shopping mall owner Unibail said on Wednesday it expected to see a continued strong Covid-19 impact on its 2021 performance, citing longer and tougher restrictions that carried on beyond the first quarter where its turnover slumped 40 percent from a year earlier.

Unibail-Rodamco-Westfield, which also counts Forum des Halles in Paris and Madrid’s La Vaguada among its assets, reported a proportionate turnover of 566.7 million euros ($685.20 million) for the first three months of the year, compared with 956.6 million euros last year.

Reporter: Milla Nissi; editor: Jane Merriman

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