Overview

Westfield Corporation is a publicly-listed stapled group that owns and manages 40 retail shopping centres in the UK and the USA. The group is listed on the Australian Securities Exchange under the symbol WFD and is headquartered in Sydney. The stapled securities consist of one Westfield Corporation Limited share, one unit of the WFD Trust and one unit of the Westfield America Trust.

Westfield Corporation was created after a restructure where Westfield Group split its domestic and international operations, with the newly formed Scentre Group managing the Australian and New Zealand business, while Westfield Corporation manages the group's international operations.

Westfield Corporation owns and operates retail shopping centres. The company currently has 38 shopping centres in the United States and 2 shopping centres in the United Kingdom. Within their shopping centres the company provides:

  • Leases to retailers
  • Leases to common-area operators such as cafe and fast food franchises
  • Brand Ventures which provide marketing services to companies wishing to use event spaces in Westfield shopping centres.

In addition, Westfield’s Westfield Labs division develops digital technology designed to better connect digital media to physical shopping space. Westfield also operates in airports throughout the United States.

The company's current developments include:

  • New York - Westfield World Trade Center
  • Italy - Westfield Milan, a joint venture with Gruppo Stilo
  • London - Croydon, a £1 billion joint venture with Hammerson, & Westfield London Phase 2
  • California - Los Angeles: Westfield Topanga & Westfield Century City; San Jose: Westfield Valley Fair; San Diego: Westfield UTC Phase 2

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