Westfield Group, Australia’s biggest mall operator, plans to split its domestic and international businesses, advancing a separation of assets that began three years ago. Its shares jumped by the most in almost 22 months.
Westfield Group, the world’s biggest shopping mall operator by assets, said it will raise rents at its west London mall for tenants that include Apple Inc. and luxury fashion label Miu Miu, to boost U.K. earnings this year.
Westfield Group , the world’s largest owner of shopping centers by market value, doesn’t expect a double-dip recession in the U.S. after a recovery in the world’s biggest economy helped drive a return to profit.
Westfield Group, the world’s biggest shopping mall operator by assets, plans to increase investments in the U.S. and U.K. to take advantage of rising retail demand, Co-chief Executive Officer Peter Lowy said.
Westfield Group , which last year spun off a unit owning stakes in its Australian and New Zealand malls to boost shareholder returns, prefers joint ventures with institutional investors for its U.S. and U.K. assets.
Westfield Group, the world’s biggest shopping mall operator by assets, is seeking joint-venture partners for developments and expansion in Brazil and Asia after a 69 percent surge in project income helped boost first-half earnings.
Westfield Group, the world’s biggest mall operator by assets, reported a 3 percent drop in first-half funds from operations as A$4.9 billion ($4.4 billion) of asset sales in 2012 and 2013 cut property income.
Westfield Group , the world’s biggest shopping-center owner, is making a $1.2 billion bet that its new mall in east London will thrive long after the 2012 Olympic Games are over. That’s because it’s targeting some of the country’s wealthiest consumers.