SYDNEY, Nov 22 (Reuters) - Australian shopping-mall owner Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for 871.5 million pounds ($1.39 billion), Westfield said on Monday.
The company said it had agreed to sell a 50 percent stake in the retail component of the development, which is being built next to the site of the 2012 Olympic Games, to Dutch pension fund APG and the Canada Pension Plan Investment Board.
(Reporting by Mark Bendeich; Editing by Ed Davies)
($1=.6258 Pound) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: WESTFIELD/STRATFORD (mark.bendeich@thomsonreuters.com; +612 93731817; mark.bendeich.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company said it had agreed to sell a 50 percent stake in the retail component of the development, which is being built next to the site of the 2012 Olympic Games, to Dutch pension fund APG and the Canada Pension Plan Investment Board.
(Reporting by Mark Bendeich; Editing by Ed Davies)
($1=.6258 Pound) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: WESTFIELD/STRATFORD (mark.bendeich@thomsonreuters.com; +612 93731817; mark.bendeich.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.