Westfield
Westfield articles. Read the latest news, information and feature articles on Westfield
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Canadian and Abu Dhabi investment injection accompanies Westfield and AMP Capital's $1.7 billion shopping centre restructure
AMP Capital managed funds have acquired Westfield'sinterest in three of Australia’s best known retail assets, the Macquarie Centre in Sydney, Pac... Read More -
The challenges Mirvac will face after two departures from its board
Developer Mirvac represents quality, stability and performance. Real estate agents use ‘built by Mirvac’ as a sales tool. The company's careful c... Read More -
Falling US home sales puts more pressure on global recovery
More pressure has been placed on the US economic recovery and the global economy after new US homes sales fell by 2.2% to an annual seasonally adjuste... Read More -
Why retail lease brawls are increasing: the Victorian Small Business Commissioner
The body charged with mediating disputes on retail leases in Victoria says "financial tightness" among landlords and tenants is likely drivi... Read More -
Relaxing zoning laws would help struggling retail sector: Productivity Commission
As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011. The final report by the P... Read More -
Retail body calls for halt to rent hikes
A leasing expert predicts next year could produce more retail collapses than this year if Christmas trading disappoints, amid calls from a retail body... Read More -
Westfield sells and seeks out new UK projects
The Westfield Group has announced it has agreed to sell its 75% interest in the Broadmarsh shopping centre in Nottingham in the United Kingdom for £55... Read More -
Department stores - Myer, David Jones and Target - poorest-performing Westfield tenants
The strongest-performing Westfield tenants over the past three months have been the mini-major outlets (Dick Smith, JB Hi Fi, Priceline, etc), which r... Read More -
One million weekly London shoppers buoy Westfield
Buoyed by an impressive 17% jump in annualised Westfield London retail sales – and a record 1 million weekly visits –international shopping centre own... Read More -
Lend Lease buys Westfield's stake in Cairns Central shopping centre
Lend Lease’s Australian Prime Property Fund has acquired the Cairns Central shopping centre in its entirety after paying $261 million to buy the 50% s... Read More -
Food-based retail a safer investment as two-thirds of European fashion customers happy to shop online
The growing demand among Australian commercial investors and developers for food-based retail shopping centres has been partly vindicated by a compreh... Read More -
Six tips for retail landlords in tough climate
As we look to what's ahead for 2012, Property Observer is republishing some of our most noteworthy stories of 2011. Recently we noted a trend... Read More -
Retailers must offer something extra to fend off online threat: Savills
Shopping centres will need to follow retail strips and start offering products and services that cannot be provided via the internet, according to Sav... Read More -
Big retailers get behind rezoning proposal
The Shopping Centre Council of Australia and Westfield have come out in support of the Productivity Commission’s suggestions to relax zoning laws and ... Read More -
Westfield to spend $160 million to develop Italian shopping centre
Westfield has taken its overseas spending tab for the week to $600 million following a 50% investment in Italy. The shopping centre group will spend ... Read More -
After Borders, a new chapter in retail
Veteran retail property and business professional Duncan Johnston argues that the wholesale closure of book and fashion stores this year should send a... Read More
