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2010 Full year results - Unibail-Rodamco

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A STRATEGY PERFECTLY TAILORED TO FIT THE CURRENT ENVIRONMENT<br />

Strategic Vision<br />

Environment & Opportunity<br />

• Refocus on large malls and capture value through<br />

disposals of mature assets<br />

• Strong investment market for quality assets<br />

• Extract growth in prime assets through<br />

• Re-tenanting<br />

• Re-designing<br />

• Re-marketing<br />

• Prime retailers focus on large shopping centres with<br />

sales intensity and traffic<br />

• Shopping centres with the widest retail and<br />

entertainment offer appeal to customers<br />

• Huge potential from deeper penetration into<br />

primary catchment area<br />

• Develop/Acquire prime new projects<br />

on a counter-cyclical basis<br />

• Limited competition from developers<br />

• Attractive land pricing<br />

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