Business NewsMarketWire • Westfield Group to Sell 50% Interest in Retail Component of Stratford City for GBP 871.5 Million

Westfield Group to Sell 50% Interest in Retail Component of Stratford City for GBP 871.5 Million

Westfield Group to Sell 50% Interest in Retail Component of Stratford City for GBP 871.5 Million

LONDON, UNITED KINGDOM--(Marketwire - Nov. 22, 2010) - Westfield Group (ASX:WDC), APG and Canada Pension Plan Investment Board (CPPIB) today announced that WDC reached an agreement to sell a 50% interest in the retail component of Westfield Stratford City for £871.5 million to a new joint venture comprising APG of The Netherlands and CPPIB. The transaction values the retail component of Stratford City at £1,743 million. Through the joint venture, APG and CPPIB will each own a 25% indirect interest in Westfield Stratford City.

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