Unibail-Rodaco-Westfield (URW) has named Kathleen Verelst as its new chief investment officer, effective January 1, 2026. She will also join the Group’s Management Board following the recommendation of the Governance Committee. The appointment comes as URW prepares to launch its 2025–2028 strategic roadmap.
URW is one of Europe’s most influential commercial real estate groups. Its portfolio includes 66 shopping centres across 11 countries, with 40 operating under the Westfield brand. The total value of its assets stands at €49 billion. The company is also advancing several urban and sustainability-focused developments through its “Better Places” plan. URW shares remain listed on Euronext Paris.
Kathleen Verelst brings more than three decades of experience in real estate and finance. Her background includes roles at Morgan Stanley and several New York law firms. From 2021 to 2024, she served as a senior adviser to URW, playing a major role in helping the Group reduce debt and sell 17 US assets worth $3.3 billion.
She will take over from Vincent Rouget, who is set to become chairman of the Management Board in 2026. In her new position, Verelst will lead the Group’s investment strategy, capital allocation and major development initiatives across the Westfield portfolio. She will also focus on new growth opportunities, including co-investments and capital-light projects.
URW’s leadership highlights her deep understanding of the company and her international expertise. They believe her experience in finance, real estate and complex transactions will help drive the Group’s transformation and support the execution of its 2025–2028 plan.
