Unibail offloads San Diego Westfield as US exit quickens

Global malls giant Unibail-Rodamco-Westfield has sold a $US290 million ($428 million) shopping centre in California’s San Diego as it works through its strategy to exit its US exposure.

In the latest divestment, two parcels which comprise the Westfield Mission Valley shopping centres have been sold to Lowe Enterprises and Real Capital Solutions, along with Sunbelt Investment Holdings. Unibail’s stake in that real estate was 42 per cent.