By Inti Landauro

PARIS--Franco-Dutch real-estate company Unibail-Rodamco (UL.AE) Thursday said it opened talks with Dutch rival Wereldhave (WHA.AE) to sell six French malls for 850 million euros ($1.09 billion).

Unibail-Rodamco granted Wereldhave an exclusivity period until Nov. 10, the company said, adding it expects to sign the final agreement in November.

The Franco-Dutch company had announced earlier this year plans to sell small- and medium-sized malls worth as much as EUR2 billion to focus on its most profitable and largest ones according to French newspaper Le Figaro.

-Write to Inti Landauro at inti.landauro@wsj.com

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