Unibail-Rodamco-Westfield and AXA IM Alts announce Summit Entertainment Ventures to bring Summit to Triangle
- 22 January 2025
Unibail-Rodamco-Westfield and AXA IM Alts, on behalf of its clients, announce that Summit Entertainment Ventures, a joint venture between SL Green Realty Corp. and Kenzo Digital, will be bringing its globally renowned immersive experience to the top four floors of Triangle.
Summit Entertainment Ventures operates SUMMIT One Vanderbilt in New York, an award-winning artistic and cultural destination that has welcomed more than six million visitors since its opening in October 2021.
Mourad Akl, Managing Director of Development and Construction Offices and Mixed-use Projects at Unibail-Rodamco-Westfield, says: "I'm delighted to bring an additional cultural and artistic dimension to Triangle. Our conviction is that a physical space can offer unique experiences and emotions and foster human bonds through architecture and design. And Triangle is such a uniquely designed place created to encourage encounters and collaboration, with its unrivalled office spaces and amenities, its unparalleled outside terraces, its cultural center and its new and trendy Radisson hotel.”
Germain Aunidas, Global Head of Development, AXA IM Alts, comments: “Having Summit choosing Triangle demonstrates the attractiveness and will increase the vibrancy of this place in Paris: a new and exciting hot spot of the city at an exceptional height and offering visitors the chance to enjoy extraordinary experiences.”
The arrival of Summit confirms the appeal of Triangle long before the opening, following the signing of an agreement with Radisson Hotel Group to operate a 128-room hotel decorated by renowned design duo Dion & Arles.
Designed by Herzog & de Meuron, Triangle will be a significant Paris landmark and vibrant mixed-use destination comprising offices, a hotel, high street retail, a cultural center, a nursery, a health center and co-working spaces. Triangle offers a host of innovations designed to help accelerate Paris' environmental transition thanks to its energy sobriety, extensive use of renewable energies and the priority given to low-carbon mobility.
This project was made possible thanks to Viparis, as the lessee of Triangle’s top floors.
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About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States.
The Group operates 71 shopping centres in 12 countries, including 39 which carry the iconic Westfield brand. These centres attract over 900 million visits annually and provide a unique platform for retailers and brands to connect with consumers. URW also has a portfolio of high-quality offices, 10 convention and exhibition venues in Paris, and a €2.9 Bn development pipeline of mainly mixed-use assets. Its €50 Bn portfolio is 86% in retail, 6% in offices, 5% in convention and exhibition venues, and 2% in services (as at June 30, 2024).
URW is a committed partner to major cities on urban regeneration projects, through both mixed-use development and the retrofitting of buildings to industry-leading sustainability standards. These commitments are enhanced by the Group’s Better Places plan, which strives to make a positive environmental, social and economic impact on the cities and communities where URW operates.
URW’s stapled shares are listed on Euronext Paris (Ticker: URW), with a secondary listing in Australia through Chess Depositary Interests. The Group benefits from a BBB+ rating from Standard & Poor’s and from a Baa2 rating from Moody’s.
For more information, please visit www.urw.com
About AXA IM Alts
AXA IM Alts is a global leader in alternative investments with €185 billion of assets under management[1] comprising c.€81 billion of primarily private real estate, €92 billion of private debt and alternative credit, as well as c.€12 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with over €126 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs 980 people located in 17 offices around the world and serves the needs of over 600+ clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide[2]. AXA IM Alts is a business unit of AXA Investment Managers.
1 Source: AXA IM Alts data (unaudited) as of 30 September 2024.
2 Highest-ranked European Real Estate Manager in IPE’s Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December 2023. Ranked 9 globally.
Visit our websites https://alts.axa-im.com and www.axa-im.com
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Disclaimer
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