Europe`s biggest mall owner buys Westfield for $25bn
(The Guardian France)

France´s Unibail-Rodamco to become world´s largest shopping centre operator after snapping up Australian companyEurope´s biggest commercial property company is to buy Westfield, the Australian company behind the UK´s two highest-earning shopping centres, in a $25bn (£19bn) deal that will create the world´s largest mall operator.Unibail-Rodamco of France, which owns Forum des Halles in Paris, plans to roll out Westfield centres in Europe and the US. The Lowy family, Westfield´s biggest shareholder, is selling its 9.5% stake for a mixture of cash and Unibail shares. Continue reading...