Australia's Westfield Group has sold seven of its US-based shopping centres to the Starwood Capital Group for a consideration of USD$1.64 billion ($1.75 billion).

The sale will see Starwood acquire Westfield’s Belden Village mall in Canton, Ohio; Capital mall in Olympia, Washington; Franklin Park in Toledo, Ohio; Great Northern mall in North Olmsted, Ohio; Parkway in El Cajon, California; Southlake in Merrillville, Indiana and West Covina in California. Under the deal Starwood, a private…