Australian shopping centre group Westfield confirmed on Tuesday that it has acquired a 2.96% stake in UK shopping centre REIT Liberty International. In a statement, the company said that it had purchased close to 11 million shares in Liberty International in June and July at an average price of 835p. The purchases represent a total investment of £91 mln (EUR 114 mln), it added.
Australian shopping centre group Westfield confirmed on Tuesday that it has acquired a 2.96% stake in UK shopping centre REIT Liberty International. In a statement, the company said that it had purchased close to 11 million shares in Liberty International in June and July at an average price of 835p. The purchases represent a total investment of £91 mln (EUR 114 mln), it added.
The announcement by Westfield follows the acquisition on Friday by US shopping cente group Simon of a 3.4% stake in Liberty International.
Shares in Liberty International soared by 5% on Monday to 993p, following an 8% rise on Friday.
