westfield corporation

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      Westfield Corporation was an Australian commercial real estate company and operator of shopping centres. It was founded with the spin-off of the Westfield Group in 2014, where assets in Australia and New Zealand formed the Scentre Group, and assets in the United Kingdom and United States formed the Westfield Corporation. It was listed on the Australian Stock Exchange with the ticker symbol "WFD".
      Westfield accepted a $32.8 billion takeover offer from Unibail-Rodamco, excluding Westfield Labs, on 12 December 2017. The takeover was completed, and the parent company was renamed Unibail-Rodamco-Westfield, in June 2018.
      Westfield undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres. Its portfolio included investment interests in 40 shopping centres across the United States and Europe, encompassing around 7,500 retail outlets and total assets under management in excess of $28.5 billion. It also operated Westfield Labs, a technology and design arm based inside the Westfield San Francisco Centre.


      History


      The first development of the Westfield Corporation was named "Westfield Place", and opened in July 1959 in Blacktown. The name Westfield is derived from "west", related to the West-Sydney location, and "field", due to having been located on subdivided farmland. The centre was opened by John Saunders and Frank Lowy.
      The company was floated on the Australian Stock Exchange in 1960 and built another five centres in New South Wales before expanding into Victoria and Queensland in 1966–67.
      The expansion into the United States began with the purchase of the Trumbull Shopping Park in Connecticut in 1977, and was followed by three centres in California, Michigan, and Connecticut in 1980 and three centres in California, New Jersey, and Long Island, New York, in 1986. In 1994, Westfield collaborated with General Growth and Whitehall Real Estate to purchase 19 centres for US$1 billion. By 2005, the company owned centres in 15 US states.
      In the 1990s, Westfield began a major expansion to New Zealand, where they mostly bought existing shopping centres of the Fletchers company and progressively rebranded them. In 2007, with Westfield Albany, the company opened a new centre in the country.
      On 9 May 2006, Westfield announced the sale of eight United States shopping centres which it deemed to fit outside its strategic plan, to Centro Properties Group.
      In 2010, the Westfield Group split 50% of its Australian and New Zealand assets into the Westfield Retail Trust, trading on the Australian Stock Exchange as WRT. This trust was folded into the Scentre Group during the 2014 split.
      In December 2017, the Westfield Board announced that it was recommending a takeover of the company by Unibail-Rodamco, one of the largest real estate companies in Europe, for a reported $24.8 billion USD. The takeover was completed, and the parent company was renamed Unibail-Rodamco-Westfield, in June 2018.


      Properties



      Westfield had interests in over 100 shopping malls worldwide, including the United States, the United Kingdom, France, Spain, Germany, Poland, Sweden, The Netherlands and Italy.


      See also


      Lend Lease Corporation
      Shopping property management firms


      References




      External links


      Official website

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    Westfield

    Find your Westfield mall across Europe and the United States. Shop, Eat and Play on one of our locations around the world.

    Who we are - WESTFIELD

    Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States. The Group operates 67 shopping centres in 11 countries, including 39 which carry the iconic Westfield brand.

    Westfield United States

    With over 15 standout centers throughout the US, Westfield is more than just a mall – it's a commitment to luxury, tailored services, incredible deals, and unforgettable events. Explore our website now to locate the closest Westfield near you and get ready for an exceptional day!

    WFD Trust Annual Financial Report 31 December 2017

    Feb 22, 2018 · Westfield Corporation (comprising Westfield Corporation Limited, Westfield America Trust and WFD Trust) announced that Unibail-Rodamco has entered into an agreement to acquire Westfield Corporation to create the world’s premier developer and operator of flagship shopping destinations. The proposed transaction has been

    ENTITIES AND DATA CONTROLLERS - Westfield

    Westfield Europe Limited Information Company Number: 03912122 Registered Office: 4th Floor, 1 Ariel Way, London, United Kingdom W12 7SL

    Westfield Corporation

    Feb 25, 2015 · •Westfield Corporation (“WFD”) was created on 30 June 2014 with results being for the six months to 31 December 2014 •FFO and Distribution in-line with forecast

    UNIBAIL-RODAMCO-WESTFIELD SE (incorporated in the …

    Jun 10, 2024 · Unibail-Rodamco-Westfield SE’s Annual General Meeting was held today at Palais des Congrès de Paris, under the chairmanship of Mr Jacques Richier, Chairman of the Supervisory Board. The General Meeting approved all resolutions by more than 90%.

    Unibail-Rodamco/ Westfield transaction

    New Group's eligibility for CAC and AEX indices confirmed. Download; File icon Unibail-Rodamco announces the approval by the AMF and the AFM of the Westfield Transaction documentation, as well as the date for its shareholder meeting on the acquisition of Westfield Corporation and the expected Transaction timetable Download

    Universal RegistrationDocument 20 23 - WESTFIELD

    Mar 19, 2024 · Acquisition of Westfield Corporation by Unibail-Rodamco and the creation of Unibail-Rodamco-Westfield (“URW”), the world’s premier developer and operator of Flagship destinations.

    Investors - WESTFIELD

    Dec 31, 2024 · Unibail-Rodamco-Westfield aims to maximise shareholder value and return on investment through proactive management, a dynamic acquisition and disposal policy, and successful development and refurbishment projects.