Scentre Group agrees to sell three Westfield malls to NZ firms for $549 million

Fri, 27 Nov 2015

By Paul McBeth Nov. 27 (BusinessDesk) - ASX-listed Scentre Group has agreed to sell three Westfield shopping centres for $549 million in two deals, having put them up for sale earlier this year. Diversified NZ Property Fund, managed by NZX-listed Stride Property, will buy the Queensgate and Chartwell centres and is expected to close in the first half of next year, while Ladstone Holdings has bought the Glenfield mall and is due to settle at the end of the month, Scentre said in a statement to the ASX. The sale of the three centres was at...

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