Unibail-Rodamco CFO Sees French Optimism Resurge After Macron Elected

The transcript discusses the Paris office boom, influenced by Brexit and increased business confidence in France. It explores the potential for US and European retail client overlap and the impact of the Westfield purchase on the real estate market. The discussion also covers trends in the US and European retail markets, including the reshaping of these markets and the influence of online shopping. Finally, it examines the growth in Europe and its effect on rents, highlighting the coexistence of online and physical retail spaces.

What factor is contributing to the increased demand for office space in Paris?

• Low business confidence

• Brexit-related uncertainty

• High vacancy rates

• High consumer confidence

What opportunity is seen in the interaction between US and European retailers?

• Decline in sales

• Expansion into each other's markets

• Market saturation

• Increased competition

What concern is associated with the Westfield purchase?

• Flooding the market with non-prime real estate

• High vacancy rates

• Lack of investor interest

• Decline in property values

How does the US retail space per capita compare to Europe?

• US has less retail space per capita

• Europe has more retail space per capita

• US has more retail space per capita

• Both have equal retail space per capita

What is the trend regarding mall closures in the US?

• Decreasing

• Reversing

• Stagnant

• Accelerating