AllanSaundersonis managing editor of Property Finance Europe and acontributor to

PARIS-French-Dutch retail mall, office and conference centerREIT Unibail-Rodamco continues to look for 'critical mass' incapital cities around Europe, but it is unenthusiastic aboutGermany and sees Russia as not yet ready, says its co-CEO PeterRossum.

The combined Unibail-Rodamco group owns 469 shopping centres 111office assets and 54 convention and exhibition buildings. Withmarket value at around €12 billion it is the largest cap listedreal estate group in Europe by far, and has a property portfolio of€22.8 billion. <p<"We look for exposure in capital cities,"Rossum told PFE in an interview recently. "We like the Eurozonebecause we are a European company. And we also like cities where wealready have a presence because it works in terms of criticalmass... It's just easier to implement your strategy if,let's say, out of the five malls that exist, you alreadyown two and get the chance to acquire a third one. The discussionswith the brands are going to be that much easier. There'scritical mass and there's positive leverage."

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