Flash ReportWestfield 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 10: Inflation, Tariffs and Consumer SentimentUS Grocery Retailing—Real Estate Insights: Value and Specialty Grocers Drive Polarized ExpansionThree Data Points We’re Watching This Week, Week 14: What US Consumers Think About TariffsWeekly US Store Openings and Closures Tracker 2025, Week 25: Furniture Frenzy—At Home’s Bankruptcy, Ashley’s Store Renewal and Openings from IKEA, Wayfair and More
