Home

Instant Insights / Retail Rising

Analysis

Europe's Largest Mall Operator to Sell US Assets

Unibail aims to unload its $13B portfolio of Westfield malls by the end of 2023, even if it has to sell at a substantial discount.

By Jack Rogers | April 12, 2022 at 08:28 AM

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Unibail-Rodamco-Westfield, Europe’s largest mall operator, is planning to exit the US market and sell its portfolio of US mall properties by the end of 2023, according to a report in The Wall Street Journal.

The move comes four years after Paris-based Unibail-Rodamco SE acquired Westfield Corp.’s mall properties for $15.7 billion. The portfolio includes some of the largest and highest-profile mall properties in the US, including the mall at the World Trade Center in New York.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now