Westfield’s soon-to-be buyer, Unibail-Rodamco, is making moves on American shopping malls. The European retailer owns a $52 billion portfolio in Europe and, once the purchase of Westfield is approved by shareholders, it will own the Australian developer’s $22 billion worth of American and U.K. malls, according to the Wall Street Journal. The deal is expected to close next month. Though Unibail’s stock values are down, indicating shareholders may not be thrilled to see the company […]
source https://therealdeal.com/2018/05/06/heres-whos-buying-australian-developer-westfield-and-what-it-means-for-malls/
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