French-Dutch property group Unibail-Rodamco said today it planned to sell parts of its Dutch and Belgian real estate portfolio and that discussions with potential buyers were taking place.


Europe's biggest listed property company said the intended sales of some high-street shops, smaller shopping centres and offices were consistent with its strategy to focus on large-scale premium assets.


The company is thought to be close to selling about €800m (£598m) of property to Rabobank's property unit and IEF Capital.

ABN AMRO analyst Jan Willem van Kranenburg said on Wednesday that the sale proceeds could be used for a share buyback or extraordinary dividend.