On December 30, Unibail-Rodamco-Westfield (URW) announced that it had completed the sale of two Westfield shopping centers in Trumbull (Connecticut) and Bay Shore (New York) to a commercial real estate investment company.

The combined gross sale price of these two wholly-owned assets of $196 million is equal to their gross market value, and reflects an initial yield of 9.5% on the NOI (net operating income) in place.

With this transaction, the commercial real estate group reports total proceeds to date of $1.3 billion, thanks to the planned radical reduction in its financial exposure in the United States.

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