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Westfield Group Sells Seven U.S. Malls To Starwood-Reuters


Sunday, 15 Sep 2013 08:30pm EDT 

Reuters reported that Westfield Group has agreed to sell stakes in seven U.S. shopping malls to an affiliate of Starwood Capital Group for $1.64 billion. Westfield will keep a 10% equity interest in the centres, with Starwood, a private real estate investment company, owning and managing the majority interest. These deals are expected to close in the fourth quarter of 2013. 

Company Quote

10.84
-0.04 -0.37%
24 Jun 2014