Moody's Investors Service has placed the A2/Negative ratings of Westfield Group on review for possible downgrade. The action was prompted by the Group's announcement that Westfield Group will undertake a restructure which will involve the transfer of approximately AU$12 bn of Australian and New Zealand assets into a new listed property trust, the Westfield Retail Trust.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
