Tag: Stocks and shares

'Westfield Selling 7 US Malls to Starwood Capital Group for $1.6 Billion

Westfield Group, the Australia-based property giant has reportedly entered into an agreement to sell stakes in seven of its malls in the U.S. to Starwood Capital Group for about $1.6 billion. Westfield is selling in order to consolidate its American portfolio and raise capital to focus on planned development projects.