New York – LAWFUEL – The Law Firm Newswire – August 13, 2007 – Debevoise & Plimpton LLP is advising The Westfield Group in two transactions. The first being an agreement to acquire two shopping centers in the Miami, Florida trade area; the purchase price for the two centers is US$400 million. In the second transaction, The Westfield Group has agreed to divest four St. Louis, Missouri shopping centers in two separate transactions, with a minimum gross value of approximately US$1.04 billion, representing a premium to book value.
The Westfield Group, with a market capitalisation of approximately US$31 billion, is the 9th largest entity listed on the Australian Securities Exchange. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.