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: Data Drop: US Retail—Number of Stores, Firms and EmployeesRetail and Healthcare Innovation: Insights from NACDS Total Store Expo 2024US Store Tracker Extra, November 2023: Closing Time for 78 Million Square Feet of Retail SpaceUS Store Tracker Extra, July 2023: Closures by Christmas Tree Shops Push Total Closed Space to 68 Million Square Feet