Shopping centre giant Westfield Group
(ASX:WDC) is to sell off its stake in six separate malls in Florida.
In a deal worth nearly $US700 million Westfield will offload the stakes to New York based O'Connor Capital Partners.
The deal would take O’Connor Capital’s share of the $US1.28 billion property portfolio to 49.9 per cent.
Westfield will retain its property management and development role.
Westfield last reported a $1.8 billion net profit to Dec 31.
