Westfield sale rumours surface again

Talks are under way to sell Westfield assets in New Zealand, according to The Australian.

Similar reports surfaced a couple of months ago but Scentre Group declined to comment when NBR NZPI made inquiries.

Westfield Retail Trust recently merged Westfield Group’s Australian and New Zealand business to form Scentre Group, which now owns 38 shopping centres in Australia and nine in New Zealand.

The Australian reports that Scentre Group is talking with a potential buyer for half the $2.6 billion retail properties in this country.

 

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