Westfield to Buy Remaining 50% in World Trade Center for $800M

Source:  Reuters

Shopping mall giant Westfield Group said on Thursday it would buy the remaining 50 percent interest in New York's World Trade Center for $800 million, which will make the company the sole owner of the shopping mall. This purchase comes one day after the company announced its plans to separate global retail assets from its Australia and New Zealand businesses, which will then be merged with Westfield Retail Trust (WRT) to form a new company.

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