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2010 Full year results - Unibail-Rodamco

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CONCLUSION<br />

• The crisis is progressively vanishing. Looking back, <strong>Unibail</strong>-<strong>Rodamco</strong> has demonstrated<br />

outstanding resilience<br />

• <strong>Unibail</strong>-<strong>Rodamco</strong> has taken advantage of the crisis to:<br />

• Accelerate tenant rotation and introduce new concepts<br />

• Renovate/extend its shopping centres<br />

• Reposition the portfolio on prime assets through opportunistic disposals<br />

• Establish a strong position for new large developments<br />

• Secure the next 5-<strong>year</strong> cost of debt at historically low levels<br />

• Looking forward, the world is still uncertain but the Group is well positioned to succeed in many<br />

scenarios<br />

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