Flash Report 3 minutesRegister for Free AccessWestfield Corporation Divests Five US Shopping Centers for $1.1 Billion Coresight Research December 9, 2015 Executive Summary The divested assets total more than 6 million square feet of retail space across four US states. The proceeds of the transaction will fund the company’s US$11.4 billion development program, which includes the Westfield World Trade Center in New York planned to open in 2017. The sale will also reduce the company’s gearing, or the debt-to-equity-capital ratio, by 3%, bringing it down to 29.2%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Insights Video: US Retail and Consumer OutlookWeinswig’s Weekly: Helping the Retail Ecosystem Understand Generative AI and Its OpportunitiesThree Things You Need To Know: DNVBs in the US Beauty MarketThe Evolution of Checkout: Trends and Innovations for a Seamless Shopping Experience