.
MergerLinks Header Logo

New Deal


Announced

Completed

Lowe and Real Capital Solutions completed the acquisition of Westfield Mission Valley from Unibail-Rodamco-Westfield for $290m.

Financials

Edit Data
Transaction Value£224m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

retail centre

Diversified Retailers

Acquisition

Domestic

Majority

Friendly

Private

Completed

Single Bidder

Synopsis

Edit

Lowe, a real estate investment firm, and Real Capital Solutions, a commercial real estate agency, completed the acquisition of Westfield Mission Valley, a 1.1m sq. foot open air retail center, from Unibail-Rodamco-Westfield, a European multinational commercial real estate company in France, for $290m. “We are well acquainted with this property and have long had an interest in its potential both as a thriving, ongoing retail destination and as an opportunity to bring much needed housing to this community. Lowe has a deep history as an owner and developer in San Diego and we have specific insight into the Mission Valley area as the owner of the Town and Country resort where we completed a comprehensive renovation to the resort and developed the plan to add apartments to several acres at its periphery,” Mike McNerney, Lowe Executive Vice President.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US