Unibail-Rodamco-Westfield (URW), Europe's largest mall owner, has sold two more US shopping centers—it's second sale of US assets in less than a week—bringing the total from its yearlong effort to divest its US holdings to $1.3B.
On December 30, the company announced the sale of Westfield Trumball, located in Trumball, CT and Westfield South Shore in Bay Shore, NY for a combined gross sale price of $196M, which the company said represents an initial yield of 9.5% on the in-pace NOI.
URW did not disclose the buyer.
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