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Does Lowy's deal signal that shopping malls have had their day?

People & Companies / Latest News

Australia

Dec 16 2017

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Carolyn Cummins, The Sydney Morning Herald

Sir Frank Lowy's move to sellhis international Westfield Corp business for $33 billion is being seen as further confirmation that asset values in the retail property sector are peaking.

Westfield announced on Tuesday it would sell to Unibail-Rodamco, Europe's largest listed property company.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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