17-09-2020 14:43 via retailgazette.co.uk

Westfield owner to raise £3.2bn as it posts improving sales & footfall

// Unibail-Radamco-Westfield says footfall & sales recovery in European centres improving since lockdowns
// UK Westfield footfall is in the 60%-70% range compared to last year with good week-on-week improvement
// However, UK tenant sales weaker than EU with a 70% drop in June followed by -47% in July & -34% in AugustUnibail-Rodamco-Westfield has revealed plans to undergo a £3.2 billion capital raise after posting recovering footfall and sales figures across its European shopping
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