Shopping Centres

Westfield owner to ‘significantly reduce’ exposure in US

The news follows the company’s F2 2020 results which showed net rental income for shopping centres fell by 25.9% to €1.69bn (£1.4bn) from €2.29bn (£2bn) the previous year

Unibail-Rodamco-Westfield (URW) has revealed it will “significantly reduce” its financial exposure to the US and instead focus on its UK real estate.

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