WDC
From IntFX
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[edit] Company Overview
The Westfield Group is an internally managed, vertically integrated, shopping centre group with a global portfolio. The Company is a retail property group, and as of December 31, 2006, had 121 shopping centres in Australia, New Zealand, the United States and the United Kingdom with more than 22,000 retailers in 10.2 million square metres of retail space. During the year ended December 31, 200, eight major projects were started and there were 15 projects underway. Its two major projects include Westfield London and Westfield San Francisco. In 2006, it acquired 16 former Federated department stores sites across 12 centres in the United States. Westfield and Federated also agreed on 18 projects involving redevelopments in the near future. In a separate transaction the Company also acquired a 50% interest Cairns Central in far north Queensland. In the United Kingdom, Westfield acquired the remaining 75% interest at Stratford City from its former co-owners.
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