French-Dutch property giant Unibail-Rodamco has reached an interim settlement with ING Real Estate over a long-running conflict on the transfer of the ownership rights to Warsaw mall Zlote Tarasy. In a short statement released on Tuesday evening, the recently merged Unibail-Rodamco group said it will pre-pay ING Real Estate the estimated purchase price of about EUR 190 mln for 50% in Zlote Tarasy. In return it will receive from ING Real Estate the net return 'as if Unibail-Rodamco would have been the legal owner as per the opening date of the shopping centre on 7 February 2007'.
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