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URW: sells two shopping centers in the US
(CercleFinance.com) - Unibail-Rodamco-Westfield (URW) has announced that on 30 December it completed the sale of two Westfield shopping centres located in Trumbull (Connecticut) and Bay Shore (New York State) to a commercial real estate investment company.
The combined gross sale price of these two fully-owned assets of 196 million dollars is equal to their gross market value and reflects an initial yield of 9.5% on the NOI (net operating income) in place. With this transaction, the commercial real estate group says it has realised total proceeds of 1.3 billion dollars to date, thanks to the planned drastic reduction in its financial exposure to the US. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
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