The former Westfield Group is nearly 40 per cent of the way through its EUR6 billion ($A9.6 billion) asset disposal program after offloading its stake in a Finnish shopping centre for EUR248.6 million ($A398.4 million).
Unibail-Rodamco-Westfield says it has sold its 34 per cent stake in Helsinki's Jumbo centre to co-owner Elo Mutual Pension Insurance Company for more than its December 31 book value.
"This disposal will enable us to concentrate further on strategic assets in the Nordics with significant re-development and mixed-use opportunities," regional managing director Lars-Ake Tollemark said.
URW has now completed 75 per cent of the initial EUR3 billion of disposals it announced in December 2017.
It this month raised its disposal target to EUR6 billion.
Paris property giant Unibail-Rodamco took over Westfield Group last year, prompting Frank Lowy's retirement nearly 60 years after he founded the shopping centre empire.
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