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Westfield World Trade Center in Lower Manhattan

PARIS and SYDNEY—Unibail-Rodamco’s proposed $15.7 billion takeover of Westfield Corp. has received a nod of approval from Westfield’s shareholders, effectively paving the way for the international transaction to close. The deal has already been approved by Unibail shareholders, the boards of both companies and Australia’s Foreign Investment Review Board, which is where Westfield is based. Unibail-Rodamco is Europe’s largest listed commercial property owner.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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