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Posts made in January, 2018

European Shopping Mall Giant Buys Westfield Group

Posted on Jan 2, 2018

The rise of vacancy rates has brought together two of the largest shopping mall operators in the world. It was recently announced that Unibail Rodamco agreed to buy Westfield Group, for $16 billion in cash and stocks. This announcement came in December 2017. Mr. Peter Lowy, the current co-CEO, and son of the founder, commented in a recent podcast, that the company executives of both companies have had a long-standing relationship. His father, Frank Lowy spoke about the acquisition. “Why now? Why now because it is appropriate to do it now,” he said.

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