Westfield in talks over Rodamco

Three global real estate giants near end of decade of litigation over Rodamco carve-up.

Three global real estate giants including Australia’s Westfield Group are locked in settlement talks as a decade of litigation stemming from the $US5.3 billion ($5.6bn) carve-up of the North American assets of Dutch giant Rodamco comes to a head.

The three groups — Westfield America, Simon Property Group, and The Rouse Co — pounced on the 35 shopping malls and related assets in 2001 and 2002, but were slapped with a $US2.3bn lawsuit two years later.

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