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Australia's Westfield sells 5 US malls for US$1.1b as part of divestment plans
Proceeds will reduce debt, fund development
Published Mon, Dec 21, 2015 · 09:50 PM
Sydney
AUSTRALIAN shopping centre giant Westfield Corp said on Monday it has offloaded five US malls for US$1.1 billion as it continues its strategy of divesting non-core assets.
The company, one of the world's largest shopping centre operators, will use the proceeds to reduce debt exposure a…
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