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Westfield Group

Westfield Group
Company nameWestfield Group
Company typePublic
IndustryProperty development
Shopping centre management
Founded1960 (Westfield Development Corporation lists on the Sydney Stock Exchange)
Area servedAustralia
New Zealand
United Kingdom
United States
Key peopleFrank Lowy and John Saunders (co-founders)
Net income(+) A$2.3bn (2010)
Total assetsA$59bn (2011)
Employeescirca 4,000 staff worldwide (2010)
SubsidiaryWestfield Management Limited, Westfield America Management Limited, and others

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The Westfield Group is an Australian internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities. The multinational company is listed on the Australian Securities Exchange and has interests in and operates one of the world's largest shopping centre portfolios with investment interests in 124 shopping centres across Australia, the United States, the United Kingdom, New Zealand and Brazil, encompassing around 25,000 retail outlets and total assets under management in excess of A$59 billion.

In 2010, the Westfield Group split 50% of its Australian and New Zealand assets into the the Westfield Retail Trust, trading on the Australian Stock Exchange as Asx - WRT.

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