Acquisition of Westfield Valencia Town Center

Deal value: $320,000,000

Unibail-Rodamco-Westfield sold the Westfield Valencia Town Center, a 1.1 million sq ft super-regional mall in Santa Clarita, CA, anchored by Macy’s, JCPenney, and Regal Cinemas, to Starwood Capital Group.

The acquisition of Westfield Valencia Town Center by Starwood Capital Group is driven by the belief in the long-term value of well-located, large-scale retail assets in growing, affluent suburban markets. The strategic purpose is to reposition and redevelop the property into a mixed-use, live-work-play destination, capitalizing on demographic growth, evolving consumer preferences, and the opportunity to unlock value through redevelopment and densification. The timing reflects both the post-pandemic recovery in retail and the trend of institutional investors acquiring assets from legacy mall owners seeking to exit the U.S. market.