Westfield news and archive

Unibail-Rodamco completes Westfield acquisition

Unibail-Rodamco has announced that it has completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield, the premier global developer and operator of flagship shopping destinations. The company said, Unibail-Rodamco-Westfield combines two of the strongest and most respected names in the real estate industry to build on their...

Report

Westfield reports 13 percent rise in FY17 net profit

Westfield Corporation has announced its full year results with 13 percent rise in 2017 net profit to 1.55 billion dollars. Revenue rose by 17 percent to 2.1 billion dollars with funds from operations (FFO) for the 12 months ended December 31, 2017 reaching 707 million dollars. Commenting on the company’s performance, Westfield Corporation...

Management

Unibail-Rodamco to acquire Westfield in 24.7 billion dollar deal

Shopping centre giant Westfield, which has two centres in London, is being acquired by Paris-based Unibail-Rodamco to create the “world’s premier developer and operator of flagship shopping destinations” in a 24.7 billion dollar deal. The deal, which has been unanimously recommended by Westfield’s board of directors and Unibail-Rodamco’s...

Retail

Westfield Century City to add more than 200 stores this year

Los Angeles - Westfield Century City has just confirmed a new way to enhance its roster of stores. While in the process of revamping, the popular Los Angeles shopping center has added a number of new tenants set to join this particular location. The first phase of the shopping destination’s transformation is set to be revealed in April,...

Retail

Macy's sells two buildings in San Diego

Los Angeles - Macy's has made some big retail moves recently. The specialty department store chain just sold two buildings in San Diego for 16.5 million dollars. The buildings in the transaction include one full-line store and one smaller building at Westfield Mission Valley. Westfield Mission Valley, formerly known as Mission Valley Center,...

People

Westfield hires on Heather Vandenberghe as chief marketing officer

Los Angeles - Westfield Corp. just added a new executive to their team. The shopping center company hired Heather Vandenberghe as their chief marketing officer for the U.S. At Westfield, Vandenberge will be handling the role of marketing for Westfield’s U.S. properties, as reported by WWD. She will be based out Los Angeles and will oversee 30 of...

Report|REPORT

Westfield books profits, new projects on anvil in the US and UK

Westfield Corporation (WFD) has said that for the 12 months ended December 31, 2015 funds from operation were 783 million dollars, representing 37.7 cents per security and in-line with forecast. WFD reported an IFRS net profit of 2.3 billion dollars for the year. “The performance of our pre-eminent portfolio remains strong and we continue to...

RetailFeatured

Westfield reveals how consumers will shop next

To say that consumer shopping habits around the world are vastly changing is a bit of an understatement. Experts argue that retailers need to respond to change swift and adapt, or be left behind. ”This is arguably the most exciting time in retailing history," says Myf Ryan, Chief Marketing Officer, Westfield UK and Europe. "Retailers have to be...

Report

London's prime shopping districts to cash in on Chinese Lunar New Year

The start of the Lunar New Year Golden Week is likely to bring a boost in international spend on Monday in London's prime shopping areas as visiting Chinese shoppers treat each other and friends and family. The annual celebration, which is traditionally accompanied by the exchange of red envelopes and gifts, could see spend from visiting Chinese...

Retail

Pop-up eBay shops to open this weekend for unwanted holiday gifts

Just in time for the holidays, eBay is hosting pop-up for those who may have been less than satisfied with their gifts. The online shopping haven is setting up a temporary pop-up at several Westfield shopping malls with a purpose of reusing “unwanted” holiday gifts. The point of the pop-up is to relieve people of their unwanted holiday gives in...

RetailFeatured

Westfield sells California mall to Rouse for 170 million dollars

Australia’s Westfield Corp has confirmed it is to sell its Carlsbad shopping centre in California to rival mall owner Rouse Properties for 170 million dollars (US). The sale of the 1.1 million square foot super regional enclosed mall was first muted last week. The mall sale is the first of about 1.5 billion dollars worth of exits planned from...

RetailFeatured

Westfield World Trade Centre gears up for 1 billion dollar in annual sales

London - What was once Ground Zero, the devastating mass of rubble of the twin towers 9/11 tragedy in 2001, is now a new World Trade Centre with one of America's most significant shopping mall locations now reporting it is at capacity with stores. The Westfield World Trade Centre is now fully leased, according to owner Westfield US. Since the...