Unibail-Rodamco-Westfield completed the acquisition of a 25% stake in St James Quarter from Nuveen Real Estate.

Unibail-Rodamco-Westfield, a global developer and operator of flagship shopping destinations, completed the acquisition of a 25% stake in St James Quarter, a retail-led lifestyle district, from Nuveen Real Estate, a global real estate investment management firm, and APG Group, a provider of pension fund management and consultancy services. Financial terms were not disclosed. “St James Quarter is a high-quality, fully redeveloped asset that perfectly aligns with our strategy to operate and grow dominant flagship destinations in key urban markets. This accretive transaction also supports with the Group’s ‘A Platform for Growth’ 2025-28 business plan, enabling us to expand our presence through a minority stake alongside APG, a strategic long-term partner. Together, we will elevate the asset’s performance by leveraging our retail operations and media expertise, as well as bringing the globally recognised Westfield brand to the destination,” Jean-Marie Tritant, URW CEO.