Unibail buys Westfield for $16bn as mall owners merge

Westfield Corp. is being sold to French commercial real estate giant Unibail-Rodamco in a $16 billion deal, the two companies announced yesterday. The boards of Westfield and Unibail-Rodamco have unanimously recommended the deal, - the biggest deal since in real estate since 2013.

Unibail-Rodamco SE...