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Westfield Group information


Westfield Group
Company typePublic
Traded as
ASX: WDC
IndustryReal estate investment trusts
GenreShopping malls
Founded1960 (1960)
FounderJohn Saunders
Frank Lowy
Defunct2014; 10 years ago (2014)
SuccessorsScentre Group
Westfield Corporation
Headquarters
Sydney, New South Wales
,
Australia
Area served
Australia
United States
United Kingdom
Italy
Croatia
Czech Republic
Sweden
New Zealand
Poland
Brazil
France
Austria
Netherlands
Germany
Slovakia
Key people
Peter Lowy (co-CEO) Steven Lowy (co-CEO)
RevenueIncrease US$833 million (2014)
Operating income
Increase US$391 million (2014)
Net income
Increase US$461 million (2014)
Total assetsIncrease US$28.5 billion (2014)
Number of employees
2,000+ (2014)[1]
ParentScentre Group Edit this on Wikidata
Websitewestfieldcorp.com

Westfield Group was an Australian shopping centre company that existed from 1960 to 2014, when it split into two independent companies: Scentre Group, which owns and operates the Australian and New Zealand Westfield shopping centre portfolio; and Westfield Corporation, which continued to own and operate the American and European centre portfolio.[2]

Westfield Group undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities. The multinational company was listed on the Australian Securities Exchange and had interests in and operated one of the world's largest shopping centre portfolios with investment interests in 103 shopping centres across Australia, the United States, the Netherlands, the United Kingdom, New Zealand, Italy, France, Sweden, Austria, Germany, Croatia, Poland, Czech Republic and Brazil, encompassing around 23,000 retail outlets and total assets under management in excess of A$63 billion.[3]

  1. ^ http://3e2rn51w31w0f6cvh1jkh9u48z.wpengine.netdna-cdyo mum015/02/WFD-Annual-Fin-Report-2014.pdf
  2. ^ "URW". www.westfieldcorp.com.
  3. ^ "The Westfield Group's shopping centre portfolio is one of the largest in the world" (Press release). Westfield Group. Retrieved 2 February 2013.

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