Westfield Group
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Westfield Group (ASX: WDC) is a stapled A-REIT which is the world's largest retail property group. They own malls in Australia, New Zealand, the United States and the United Kingdom -- 119 regional shopping centers in total - 10 million square meters leased.
Westfield develops, designs, constructs, manages, owns and markets the malls. It started in 1960 on the exchange as Westfield Development Corporation.
Steven M. Lowy is the Group Managing Director.
Westfield Group Property Portfolio:
Airport West, Doncaster, Fountain Gate, Geelong, Plenty Valley, Southland, Belconnen, Woden, Bondi Junction, Burwood, Centrepoint, Chatswood, Eastgardens, Figtree, Hornsby, Hurstville, Kotara, Liverpool, Miranda, Mt Druitt, North Rocks, Parramatta, Penrith, Sydney Project, Sydney Central Plaza, Tuggerah, Warrawong, Carindale, Chermside, Garden City, Helensvale, North Lakes, Strathpine, Carousel, Innaloo, Whitford City, Marion, Tea Tree Plaza, West Lakes, Booragoon Garden City, Cairns Central, Karrinyup, Knox, Macquarie Centre, Pacific Fair, Broadbeach, Warringah Mall, Broadmarsh, Royal Victoria Place, The Friary Shopping Centre, CastleCourt, and Sprucefield.
Therefore, the Westfield Group is a real estate investment trust that profits from the brick and mortar shopping of much of the developed world.
Next: Westpac Office Trust -- office properties.
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