Liberty in merger talks to form world's largest mall group

The Independent
5 Mar 2008
Nick Clark

Talks are taking place that may see Liberty International, the FTSE 100 property group that owns London's Covent Garden, team up with a major rival to become the world's largest shopping mall group.

Australia's Westfield Group, which has had a long-standing interest in the UK company, and GIC Real Estate, the property arm of Singapore's sovereign wealth fund, have been mooted as potential suitors.

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