Westfield to sell 8 retail centers for $1.15B

04/17/2012 | Bloomberg · Wall Street Journal, The · SCT Newswire

Starwood Capital Group will buy seven retail centers from Westfield Group for $1 billion. The deal represents the majority of $1.15 billion in transactions Westfield is closing. Besides the seven retail assets it is selling to Starwood, Westfield will sell a shopping center to an undisclosed buyer for $147 million. It will use the proceeds to repay debt and make investments.

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Bloomberg · Wall Street Journal, The · SCT Newswire

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