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Westfield Group was an Australian...

Westfield Group was an Australian shopping centre company that existed from towhen it split into two independent companies: Scentre Groupwhich now owns and operates the Australian and New Zealand Westfield shopping centre portfolio; and Westfield Corporationwhich continued to own and operate the American and European center portfolio.

The Westfield Group had origins in the western suburbs of Sydney.

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The first development was named "Westfield Place", and opened in July in Blacktown. The centre was opened by Westfield shopping centre Saunders and Frank Lowy.

The company was floated on the Australian Stock Exchange in and built another five centres in New South Wales before expanding into Victoria and Queensland in Westfield seems to form clusters of centres on particular cities or within a small number of states. They built considerable holdings on the East Coast and in California before expanding into the Midwest.

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Bythe company owned centres in 15 US states. In the s, Westfield began a major expansion to New Zealandwhere they mostly bought existing shopping centres of the Fletchers company, progressively rebranding Westfield shopping centre. Only inwith Westfield Albanydid the company open a fully new centre in the country.

On 9 MayWestfield announced the sale of eight United States shopping centres which it deemed to fit outside its strategic plan, to Centro Properties Group. The funds would be used to repay debt Westfield shopping centre invest in businesses offering higher return. The sales were expected to be completed by mid— Despite the Westfield Group's asset dimensions, the Westfield Group was strongly controlled Westfield shopping centre the Lowy Family Group, including non-executive chairman, Frank Lowyone of its founders.

Having been established in Australia, with their original premises being at Blacktown, the Westfield Group continued to operate a large number of shopping centres in Australia.

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A feature of "ticketless parking" at Westfield Miranda, Hurstville, Bondi Junction and Doncaster was that SMS alerts were provided for when the shopper's 3 Westfield shopping centre hours of parking were about to expire and when the shopper left the centres. This feature was removed in due to concerns that the system could be used "to track the movements of others" by giving the wrong car numberplate on registration of the phone number. Westfield entered the United States market in Westfield entered the New Zealand market in and acquired an interest in the St.

Lukes Group portfolio in Westfield malls became by far the most numerous chain in New Zealand, with six of its 12 centres in Aucklandincluding their largest development located in Albany.

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It now has five stores nationwide, four of them in Auckland. As ofbefore Westfield Corporation was created, Westfield had an interest in two shopping centres in England and Northern Ireland. The development included the construction of a new railway station for the London Overground and Southern services, and a new entrance for the London Underground station.

Westfield was the developer behind the troubled Broadway shopping development in Bradford after acquiring Stannifer in Westfield were reviewing Westfield shopping centre with the Whitgift Foundation to rebuild the Whitgift Centre in Croydon in south London.

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The Australian Competition and Consumer Commission investigated several disputes between the Westfield Group and its tenants. In the Commission found Westfield was abusing its market and commercial power in settling disputes with tenants, and forced Westfield to formally undertake to not engage in "Unconscionable conduct and intimidation" of tenants.

Also in Australia, Westfield fee structures and policies were criticised by retailers who operated in centres that had been taken over by the company. Retailers suggested that when centres were acquired there should be more cooperation between the new operators and existing tenants in bringing shops up to the corporate Westfield shopping centre of the Westfield Group, and increases in rent required to operate a shopping centre with high standards of fittings Westfield shopping centre services should be staged with the required improvements in fittings.

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In LiverpoolAustralia ina competing shopping centre was lodged to Liverpool Council and subsequently built. The centre would be about 3 kilometres from Westfield Liverpool.

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From Wikipedia, the free encyclopedia. A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view.

Please discuss further on the talk page. July Learn how and when to remove this template message. This article is about the company that existed from to For the companies split off insee Scentre Group and Westfield Corporation. Los AngelesCalifornia.

List of Westfield Group shopping centres. List of Westfield Group shopping centres in Australia. Retrieved 2 February The Australian Experience of Globalisation.


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