Debevoise & Plimpton LLP is advising The Westfield Group in its agreements to divest seven non-core shopping centers in the United States to a Starwood Capital Group controlled affiliate for $1.64 billion.
The Westfield Group is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing approximately 4,000 staff worldwide. The company has interests in and operates one of the world’s largest shopping centre portfolios with investment interests in 99 shopping centres across Australia, the United States, the United Kingdom and New Zealand.
The Debevoise team is led by partner Nicole Levin Mesard and includes counsel Seth L. Saideman and associates Brian D. Hirsch, Tulani Thaw, Ethan A. Marcovici and Cara Soffer.