Net Lease Market brings you the latest trends, news and information from around the world and its impact on the net lease market.
Wednesday, April 18, 2012
Westfield Sells Eight U.S. Centers for $1.15B
The Westfield Group entered an agreement to sell a majority interest in seven of its non-core U.S. retail assets to Starwood Capital Group for $1 billion. Starwood will manage and control the platform, while Westfield will retain a 10 percent interest in the properties.