Frank Lowy news and trends

European Property Group Makes A Big Buy Into US Malls

December 12, 2017
Quick Reads
European Property Group Makes A Big Buy Into US Malls

December 12, 2017
Unibail-Rodamco, Europe’s largest property firm, is on track to purchase U.S. and U.K. mall operator Westfield Corp. for $16 billion. That big buy is a defensive move designed to help the firm fend off the digital onslaught led by eCommerce operations like Amazon, according to reports from Reuters. Unibail, which owns shopping centers all over Europe, gives […]