Westfield offloads Perth assets

Westfield Group, Retail Trust sell stakes in Karrinyup Shopping Centre to UniSuper.

Westfield Group (WDC) and Westfield Retail Trust (WRT) have sold their stakes in the $740 million Karrinyup Shopping Centre in Perth to the owner of the remaining two-thirds of the property, superannuation fund UniSuper, according to The Australian.

In what amounts to one of the largest shopping centre transactions of the year, Westfield has exited the property within days of having been cleared by the Australian Competition and Consumer Commission (ACCC) to take full control of the asset.

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