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December 13, 2017

French group pays $16B to buy Westfield malls

Photo by Jim Simmons [enlarge]
Westfield has 35 shopping centers in major metropolitan areas, including Westfield Southcenter in Tukwila.

PARIS (AP) — The company that owns Westfield shopping centers — including Westfield Southcenter in Tukwila — is being bought by French property investor Unibail-Rodamco for $15.7 billion as retailers struggle to keep up with the move to online sites like Amazon.


 
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