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UNIBAIL RODAMCO UNSP/ADR - $URMCY STOCK NEWS

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Rhea-AI Summary

Unibail-Rodamco-Westfield (URW) Airports and The New Terminal One (NTO) have initiated the Competitive Evaluation Process (CEP) for the Food Hall and Travel Essentials tenders, marking a vital step in developing the commercial program for the all-international terminal at JFK Airport. The $9 billion first phase of the terminal is set to open in 2026, showcasing global brands and local businesses while offering a curated dining and retail experience. The Food Hall tender seeks partners to provide a mix of New York's signature cuisine and retail products, emphasizing local participation, while the Travel Essentials tender aims to enhance the travel experience with a diverse merchandise mix. Both tenders promote a sense of place and require a minimum ACDBE participation of 30%. The New Terminal One will be the largest terminal at JFK upon completion, offering extensive retail, dining, and lounge space.

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UNIBAIL RODAMCO UNSP/ADR

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