Westfield's bargain bin

The internet has wreaked havoc on retailers. Now the landlords are hurting.

The great asset shuffle at Westfield continues to gather steam as it continues to dump malls at bargain prices.

For the second time in year, Westfield Group (WDC) has sold a swag of American shopping centres to Starwood Capital, this time eight second tier operations for $1.64 billion after raising $US1.15 billion from a portfolio of seven centres.


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