Westfield Sells 7 U.S. Malls to Starwood for $1.6 Billion

Westfield Sells 7 U.S. Malls to Starwood for $1.6 Billion
By Nichola Saminather - Sep 16, 2013

Westfield Group (WDC), the world’s biggest shopping-center operator by assets, will sell seven malls in the U.S. for $1.6 billion to an affiliate of Starwood Capital Group LLC, as the company consolidates its U.S. portfolio to fund higher-return activities.

http://www.bloomberg.com/news/2013-09-16/westfield-sells-seven-u-s-malls-to-starwood-for-1-6-billion.html