Articles with tag westfield-group

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Westfield Group buys a share of New York's World Trade Centre

Westfield Group will be buying a 50 per cent share in the World Trade Centre retail premises for US$800 million as part of a deal made with the Port Authority of New York and New Jersey.

Posted Fri 06/12/2013 12:00:00 / Read More »

Westfield restructures to operate more efficiently by splitting into two

Westfield Group and Westfield Retail has announced a proposal to merge WDC’s Australia and New Zealand business with WRT to form a new entity while WDC's international business become Westfield Corporation.

Posted Wed 04/12/2013 12:00:00 / Read More »

Westfield's global developments keeping performance in check

The Westfield Group announced its global operations continue to perform in line with expectations for the third quarter update of the nine months to 30 September 2013.

Posted Thu 14/11/2013 12:00:00 / Read More »

Westfield cancels acquisition deal with Charter Hall

Charter Hall's initial put option agreement buy Perth-based centre Innaloo Shopping Centre and Shoppers Village from Westfield Group and Westfield Retail Trust’s has been called off.

Posted Wed 06/11/2013 12:00:00 / Read More »

Westfield sells US centres to Starwood Capital

Westfield Group is selling seven of its U.S shopping centres to Starwood Capital Group for approximately $1.75 billion.

Posted Tue 17/09/2013 12:00:00 / Read More »

Westfield sells Karrinyup shopping centre to UniSuper

Westfield Group and Westfield Retail Trust have sold off its Perth-based Karrinyup Shopping Centre.

Posted Thu 12/09/2013 12:00:00 / Read More »

Charter Hall to buy Innaloo centre from Westfield

Charter Hall has signed a deal to buy Perth-based Innaloo shopping centre and Shoppers Village and the adjoining Innaloo mega centre from Westfield for $255 million.

Posted Thu 12/09/2013 12:00:00 / Read More »

Westfield to focus on overseas developments

The Westfield Group will continue to rely on its overseas developments to drive earnings after indicating it was feeling the pressure of the softening retail market in Australia.

Posted Fri 30/08/2013 12:00:00 / Read More »

Changes to Westfield Board

After serving on the Westfield Board for 27 years and 21 years respectively, Stephen Johns and Professor Fred Hilmer will not seek re-election at the company’s AGM to be held at the end of May.

Posted Mon 29/04/2013 12:00:00 / Read More »

Westfield Garden City to get $400M facelift

Westfield Garden City at Mt Gravatt in Brisbane will be undergoing a $400 million redevelopment.

Posted Thu 11/04/2013 12:00:00 / Read More »

Shopfitters to gain from AMP, Westfield JV

Good news for shopfitters comes as a result of the recent AMP and Westfield agreement that was made in October.

Posted Wed 07/11/2012 12:00:00 / Read More »

Westfield wins UK mall deal

The Group will develop the Bradford Centre in northern England.

Posted Mon 29/10/2012 12:00:00 / Read More »

Westfield profits soar 31%

Westfield has reported a 31 per cent increase in half year earnings on the previous period of $800.1 million.

Posted Wed 15/08/2012 12:00:00 / Read More »

Westfield gift cards accepted at Woolworths

Westfield Group is expanding its gift card offering with Woolworths being the latest retailer to accept the cards.

Posted Fri 08/06/2012 12:00:00 / Read More »

Westfield reports solid results

As its update for the three months to 31 March 2012, Westfield reported that comparable specialty retail sales for the 12 months were up 1.2 per cent and up 1.1 per cent for the quarter.

Posted Fri 18/05/2012 12:00:00 / Read More »

Westfield's digital appointment

In a step towards creating an omin-channel experience, Westfield Group has appointed a chief digital officer to oversee the development of the shopping centre group’s online and digital media strategy.

Posted Wed 02/05/2012 12:00:00 / Read More »

Westfield enters into $4.7B JV with solid profits

Westfield Group has announced an AIFRS net profit for the year of $1.53 billion, up to 37.6 per cent on prior year.

Posted Wed 15/02/2012 12:00:00 / Read More »

Westfield Group's bright outlook

The company reported that specialty store sales for the months combined of March and April 2011, which included the Easter period, in Australia were up 4.4 per cent.

Posted Thu 26/05/2011 12:00:00 / Read More »

Westfield reports solid Aussie conditions

Retail sales growth 1.6 per cent in Australia through the quarter, 0.3 per cent in NZ, 5.4 per cent in the US, and 19.8 per cent in the UK, based on Westfield's London site.

Posted Thu 12/05/2011 12:00:00 / Read More »

Westfield Fountain Gate gets a makeover

According to Westfield, the centre is the highest grossing discount department store based shopping centre in Australia with retail sales over $700 million, currently valued at approximately $880 million.

Posted Mon 04/04/2011 12:00:00 / Read More »

Westfield: sons follow in dad's footsteps

Westfield executive chairman Frank Lowy will be handing his reign down to his sons, Peter Lowy and Steven Lowy, who have been appointed as joint chief executive officers.

Posted Wed 02/03/2011 12:00:00 / Read More »

Westfield's $1.1B profit recovery

Shopping centre giant has now fully-recovered from its $458 million loss in December 2009 after reporting a $1.1 billion profit bounce back.

Posted Wed 16/02/2011 12:00:00 / Read More »

Westfield misses target

Westfield Group has raised a total of approximately $2.01 billion, which falls short of its $3.5 billion target for its proposal to establish Westfield Retail Trust.

Posted Wed 08/12/2010 12:00:00 / Read More »

Metcash to go ahead with acquisition

Metcash has confirmed it will still be going ahead with the acquisition of Franklins, despite the ACCC's decision to oppose against the move.

Posted Wed 24/11/2010 12:00:00 / Read More »

Westfield's $12B growth strategy

Shopping centre developer Westfield Group has proposed to restructure its business by creating a separately-listed property trust, expected to distribute $7.3 billion to securityholders.

Posted Thu 04/11/2010 12:00:00 / Read More »

Westfield Sydney revitalises CBD

After eight years of formal planning, 130 retail stores are now trading as part of stage one of Westfield Sydney's opening.

Posted Thu 28/10/2010 12:00:00 / Read More »

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