Westfield mall owner Scentre Group focused on operating earnings & funds from operations in its results release on Tuesday for the June half-year, not including comparisons with the 2019 half-year until it really had to. This half, Scentre tumbled to an $A3.7 billion loss. All but a couple of valuation lines below are in Australian […]
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Unibail-Rodamco completes Westfield deal
Unibail-Rodamco SE completed the acquisition of Westfield Corp Ltd at the end of last week.
Read more →One last step for UnibailRodamco takeover of Westfield
Westfield Corp Ltd securityholders voted overwhelmingly on Thursday to approve the mall owner’s acquisition by UnibailRodamco SE and the demerger of OneMarket Ltd.
Read more →Unibail-Rodamco strikes deal to buy Westfield
European mall owner Unibail-Rodamco SE has entered into an agreement to buy Westfield Corp.
Read more →Frank Lowy & sons talk the ingredients for future retail
Westfield Corp Ltd chair Frank Lowy told the company’s annual meeting in Sydney last week its focus on flagship assets had kept it ahead of the competition.
Read more →WestCity back on market
Westfield shopping mall owner Scentre Group Ltd has put WestCity in Henderson back on the market, this time through Auckland agency Whillans Realty Ltd & Sydney agency McVay Real Estate Australia.
Read more →Lowy says first results vindicate Scentre restructure
Scentre Group Ltd chair Frank Lowy said yesterday the Westfield mall owner & operator’s strong results for 2015 validated the rationale for creating the reorganised Australia-NZ business.
Read more →World property W23Dec15 – West Melbourne deals, Westfield reshapes
Melbourne development site sells – Westfield sells 6 US malls
Read more →Scentre restructure leads to Lynch’s exit
The structural change at Westfield mall owner & operator Scentre Group Ltd has cost New Zealand business director Justin Lynch his job, and he left the company at the end of September.
Read more →Scentre to sell the other 4 NZ malls
Scentre Group, operator of the Westfield malls in Australia & New Zealand, has begun the process of selling the 4 New Zealand shopping centres it hadn’t already sold 49% of.
Read more →Propbd on Q W25Feb15 – Downtown deal, Precinct result, rights issue, apartment sales, Metlifecare & Summerset up, panel talks flexibility, ex-MUL rezoning
Downtown deal struck – Precinct ebit up but npat down – Precinct 1:7 rights issue – 3 apartments sell at Bayleys – Metlifecare lifts profits – Summerset grows assets & returns – Scentre to sell the other 4 NZ malls – Unitary plan panel talks flexibility – First special housing area gets rezoning & consent
Read more →GIC buys into 5 NZ Westfield malls
Singapore’s sovereign wealth fund, GIC, has followed up a joint venture with Goodman Property Trust, announced on Tuesday, by signing a similar joint venture on Thursday to acquire 49% of 5 New Zealand malls from Westfield operator Scentre Group.
Read more →Propbd on Q F20June14 – Westfield wins this time, M&C restructure approved
Westfield Retail Trust votes – just – for restructure – Only a handful vote against Millennium & Copthorne restructure
Read more →UniSuper explains its opposition as new Westfield restructure vote date set
Westfield has rescheduled the meeting of its retail trust on the group’s proposed $A70 billion restructure for Friday 20 June, in Sydney. Meanwhile, the super fund which has pitted its 8.5% of Westfield Retail Trust against the desires of Westfield’s royals, the Lowy family, explained itself last Thursday.
Read more →Westfield adjourns restructure meeting when trust proxies fall short
Westfield Group sweetened the proposed restructure deal for Westfield Retail Trust unitholders on 6 May, but it wasn’t enough. Westfield pulled the vote at yesterday’s retail trust meeting in Sydney because proxies fell short of the required 75% support.
Read more →World property W9Apr14 – LafargeHolcim merger, Battersea phase 3, Westfield London approval
Holcim & Lafarge to merge – Battersea power station designs unveiled – Westfield wins approval for White City plans
Read more →World property M31Mar14 – Canadians buy into Chinese housing, GPT buys half a mall, CFS Retail internalisation done, Westfield advances to split, shift in debt currency, second 360 Capital listing
Canadian pension fund enters housing joint venture with China Vanke – GPT fund buys half of Melbourne shopping centre from Canadian fund – CFS Retail completes internalisation, Dexus takeover of office fund nears completion – Westfield organises funding for new group split – A-Reit shifts funds from euro to yen – Newly listed 360 Capital to list office fund separately
Read more →World property M24Mar14 – Westfield repositions, Simon chases innovation
Westfield sells 3 UK malls – Simon to invest in retail innovation
Read more →Westfield restructure up for approval next May
Westfield Group announced another restructure and a couple of name changes on Wednesday.
Read more →Westfield takes full ownership of World Trade Centre retail
Westfield Group has agreed to buy the Port Authority of New York & New Jersey’s 50% interest in the World Trade Centre retail premises for $US800 million.
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