Westfield Group, Australia’s biggest shopping mall operator, will invest $800 million to take full control of the retail space at New York’s World Trade Center.
The company agreed to buy Port Authority of New York and New Jersey’s 50 percent stake in the retail part of lower Manhattan’s World Trade Center site, bringing its investment in the property to more than $1.4 billion, the Sydney-based company and the Port Authority said Wednesday in separate statements.
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