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Retail

URW acquires stake in Edinburgh’s St James Quarter and will rebrand as Westfield

Unibail-Rodamco-Westfield (URW), the parent company of shopping centre chain Westfield, has acquired a 25 percent stake in Edinburgh’s mixed-use destination, St James Quarter, from Nuveen Real Estate. The move forms a new joint venture with majority owner APG, which retains its 75 percent stake in the 110 retail, leisure and dining destination,...

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