URW profit back to pre-Covid levels

Unibail-Rodamco-Westfield's profit has returned to 2019 levels, following strong leasing and €1bn of asset disposals.

The shopping mall owner said EBITDA for 2023 was €2.2bn (£1.9bn), underpinned by the group adding €450m of rent, an increase of 7% on 2022.