Find in the news:
BY COUNTRY

Australia’s Westfield to split Holdings



Westfield Group, the shopping centre giant in Australia, has been given the shareholder go-ahead to split the empire. 
This comes after a tight vote which placed a spotlight on the restructuring policy. The split which was announced during December will see the group’s Australian and New Zealand businesses merge with Westfield Retail Trust. This move will result in Westfield Retail Trust becoming a US$26bn corporation which will be listed on the Australian stock market by its new name, Scentre.

Westfield Group will in future be named Westfield Corporation, with total assets of US$17.6bn and holdings in 44 shopping centres across Europe, the UK and the US.

The shareholder vote for the deal settled at 76%, only 1% above the minimum 75% required. A vote done previously was postponed after indications that the limit would not be met. Almost 98% of the group’s shareholders voted in favour of the deal during May.

Frank Lowy, Westfield Group Chairman, will head both companies and stated his confidence in the deal. The Chairman of Westfield Retail Trust, Richard Warburton, also expressed his pleasure at the result.

More about shopping malls in Australia



YESTERDAY, Spain:
The new store on Paseo de Gracia reflects the brand's British style
Sep 29, 2022, Russia:
The third quarter was strongly influenced by the decision to cease sales in Russia and the subsequent closure of the business.
Sep 28, 2022, United Kingdom:
IKEA cooperates with British grocery giant Tesco, launching a new service.
Sep 27, 2022:
McDonald's Japan has been raising prices on about 60% of its products since September 30.
Sep 22, 2022, France:
Palm Angels expands its geography and enters the French market with the opening of a store in Paris.
Sep 20, 2022:
The new retail space will appear in the trendy Garosu-gil neighborhood of Seoul.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us