The Wall Street Journal is reporting this morning that Australian mall landlord Westfield Group, which owns properties in Australia, New Zealand, U.S., U.K. and Europe, plans to sell a 50 percent stake in its centers in Australia and New Zealand to Westfield Retail Trust, which already owns half of those holdings. The move is meant to make the remaining centers in the U.S., U.K. and Europe more attractive to investors.
According to the Journal:<
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.