The Westfield Group
Type	Public (ASX:WDC)
Founded	Australia
Headquarters	Sydney, Australia
Employees	4,400+ staff worldwide
Website	www.westfield.com

The Westfield Group is a multinational company that owns shopping centres in Australia, New Zealand, the United Kingdom, and the United States. Westfield shopping centres are typically branded with the name Westfield or Westfield Shoppingtown in their name. Image File history File links Download high-resolution version (1799x585, 21 KB) The Westfield Group Logo This is a logo of an organization, item, or event, and is protected by copyright and/or trademark. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The Sydney Opera House on Sydney Harbour Sydney (pronounced ) is the most populous city in Australia, with a metropolitan area population of over 4,200,000 people, and 151,920 within the city centre. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A Web site (or colloquially, Website) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP... For the traditional meaning of the word mall, see mall. ...

The company pioneered the incorporation of entertainment and dining precincts into shopping centres.^{[citation needed]}

Current operations

Westfield currently has interests in total assets worth A$41 billion, representing 121 shopping centres in four countries with over 10 million square meters of retail space. It is the world's largest retail property group by equity market capitalization, yet it is still chaired by Frank Lowy, one of its founders.^[1] ISO 4217 Code AUD User(s) Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island Inflation 3. ... Frank Lowy AC (born 1930) is a Jewish Australian businessman. ...

Since entering the United States market in 1977, Westfield has aggressively acquired, renovated and expanded many mall properties in order to draw wealthier consumers from longer distances. It has also financed large advertising campaigns to increase awareness of its Westfield brand. On May 9, 2006, Westfield announced the sale of 8 centres in the United States, in an effort to divest themselves of "non-strategic assets since they no longer fit within our investment criteria nor are they in our long-term redevelopment plans"^[2] . For the album by Ash, see 1977 (album). ... Commercialism redirects here. ... May 9 is the 129th day of the year in the Gregorian calendar (130th in leap years). ... For the Manfred Mann album, see 2006 (album). ...

Westfield has an interest in 6 shopping centres in the UK. Additionally, Westfield is involved in the development of three further shopping centres. It is a 50% development partner^{[citation needed]} in the £1.6b ^[3] Westfield London development in Shepherd's Bush, west London. Westfield also controls the Stratford City redevelopment project next to 2012 Olympic park in London, having recently acquired the 75% of the project that it did not already own ^[4]. Westfield is currently the developer behind the troubled Broadway shopping development in Bradford after acquiring Stannifer in 2004^[5]. Of its existing centres Westfield is currently in the process of making a £340m extension and refurbishment of Derby's Eagle Centre, which will see the mall rebranded "Westfield Derby" ^[6], and has a £400million plan to expand and renovate Westfield Broadmarsh shopping centre in Nottingham. ISO 4217 Code GBP User(s) United Kingdom, Crown Dependencies Inflation 2. ... Westfield London will be a large shopping centre in Shepherds Bush, London, England. ... Shepherds Bush is a district of West London in the London Borough of Hammersmith and Fulham, situated 4. ... This article is about the capital of England and the United Kingdom. ... Stratford City is a project to create a major new urban centre for East London on the site of a former railway good yard at Stratford. ... The 2012 Summer Olympics, officially known as the Games of the XXX Olympiad, will be held in London, United Kingdom from 27 July to 12 August 2012. ... The larger City of Bradford Metropolitan District includes other settlements in the surrounding area. ... Derby (pronounced dar-bee ) is a city in the East Midlands of England. ... The Eagle Centre is a large indoor shopping centre in centre of Derby, UK owned by The Westfield Group. ... Broadmarsh Shopping Centre, colloquially Broadmarsh is the lower end shopping centre in Nottingham, England. ... Nottingham is a city (and county town of Nottinghamshire) in the East Midlands of England. ...

It has been argued that Westfield's major competitive advantages lie in their specific skills and innovations in (i) property selection; (ii) redevelopment; (iii) branding and marketing; (iv) retailer relations; and (v) financing.^[7]

History

The Westfield Group had origins in the western suburbs of Sydney^[8]. The first development was named "Westfield Place", and opened in July 1959 in Blacktown, Sydney^[8]. The name Westfield is derived from "West" related to the West-Sydney location, and "field" due to having located on subdivided farmland ^[8]. The centre was opened by John Saunders and Frank Lowy^[8].The company was floated on the Australian Stock Exchange in 1960 and built another five centres in New South Wales before expanding into Victoria and Queensland in 1966-67^[7]. The expansion into the US was quite slow. It began with the purchase of the Trumbull Shopping Centre in Connecticut in 1977, and was followed by three centres in California, Michigan and Connecticut in 1980 and three centres in California, New Jersey and Long Island, New York in 1986^[7]. In 1994 Westfield joined together with General Growth and Whitehall Real Estate to purchase 19 centres for US$1 billion. Westfield seems to form clusters of centres around particular cities or within a small number of states. They built considerable holdings on the east coast and in California before expanding in the Mid-West. By 2005, the company still only own centres in 15 US states^[7]. The Sydney Opera House on Sydney Harbour Sydney (pronounced ) is the most populous city in Australia, with a metropolitan area population of over 4,200,000 people, and 151,920 within the city centre. ... Blacktown is a suburb and a city (the City of Blacktown) in Sydney, Australia, and is adjacent to Seven Hills, Marayong, and Quakers Hill. ... The Sydney Opera House on Sydney Harbour Sydney (pronounced ) is the most populous city in Australia, with a metropolitan area population of over 4,200,000 people, and 151,920 within the city centre. ... Greater Western Sydney, Western Sydney and the Western Suburbs are general terms which are used to describe the western region of the metropolitan area of Sydney, Australia. ... Frank Lowy AC (born 1930) is a Jewish Australian businessman. ...

Relationship with tenants

The Australian Competition and Consumer Commission has had investigated several disputes between The Westfield Group and its tenants. In 2004 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.^[9] The ACCC Logo The Australian Competition and Consumer Commission (ACCC) is an independent Australian commonwealth government authority established in 1995 from the amalgamation of the Australian Trade Practices Commission (TPC) and the Prices Surveillance Authority, to protect consumer rights, business rights and obligations, perform industry regulation and price monitoring and...

Westfield fee structures and policies have also been criticised by retailers who operate in centres which have been taken over by the multinational company. Retailers have suggested that when centres are acquired there should be more cooperation between the new operators and existing tenants in bringing shops up to the corporate standards of The Westfield Group, and increases in rent (required to operate a shopping centre with high standards of fittings and services) should be staged with the required improvements in fittings.^[10]

Locations

Australia

Main article: List of Westfield Group shopping centres in Australia

Having been established in Australia, with their original premises being at Blacktown, the Westfield Group continue to operate a large number of shopping centres in Australia. The Westfield Group is a multinational company that owns shopping centres in Australia, New Zealand, the United Kingdom, and the United States. ... Blacktown is a suburb in the City of Blacktown, in Western Sydney, in the state of New South Wales, Australia. ...

Some of the most well known locations include:

• Centrepoint at Sydney Tower (Sydney)
• Parramatta (Western Sydney)
• Westfield Penrith (Western Sydney)
• Carindale (Brisbane)
• Westfield Garden City (Brisbane)
• Doncaster (Melbourne}
• Southland (Melbourne)

Westfield owns the current shopping centre featured underneath the well known Sydney Tower, known to many as Centrepoint Tower, or as the name of the centre suggests simply Centrepoint. ... Sydney Tower (also known as the AMP Tower, AMP Centrepoint Tower, Centrepoint Tower or just Centrepoint) is Sydneys tallest free-standing structure, and the second tallest in Australia (with the Q1 building on the Gold Coast being the tallest). ... This is about the city of Sydney in Australia. ... Westfield Parramatta, owned and managed by The Westfield Group, is the largest enclosed shopping centre in Sydney, Australia. ... Western Sydney is a very general, informal, term which is used to describe the western parts of the metropolitan area of Sydney, Australia. ... Westfield Penrith is a shopping complex located in the Penrith, New South Wales central business district. ... Western Sydney is a very general, informal, term which is used to describe the western parts of the metropolitan area of Sydney, Australia. ... We dont have an article called Westfield Carindale Start this article Search for Westfield Carindale in. ... Brisbane (pronounced ) is the capital and most populous city of the Australian state of Queensland, as well as the third largest city in Australia, with a greater metropolitan population of 1. ... Westfield Garden City, better known as Garden City, is one of Brisbanes major shopping centres, located in the suburb of Mt Gravatt. ... Westfield Shoppingtown Doncaster (also known as Doncaster Shopping Centre or Shoppo) is a shopping centre owned by the Westfield Group and located in Doncaster, a suburb of Melbourne, Victoria, Australia. ... Southland Shopping Centre, also known as Westfield Shoppingtown Southland, is a large retail complex located in the suburb of Cheltenham, approximately 16 kilometres from the Melbourne CBD in Australia. ...

Internationally

Main article: List of Westfield Group shopping malls

The Westfield Group operate extensively in New Zealand, the United Kingdom and in the United States of America. The Westfield Group is a multinational company specialising in retail centre development, ownership, operation and management. ...

Location images

An entrance to a typical Westfield shopping centre Image File history File links Typical entrance to a Westfield Shopping Center. ...	Westfield in Chatswood, Sydney Image File history File links Download high resolution version (2272x1704, 199 KB) Shops in Chatswood are towered over by the large Westfield Shopping Center, which are looked upon by the high residential towers located around Chatswood. ... Chatswood is a suburb in North Shore in Sydney, New South Wales, Australia and the seat of the City of Willoughby local government area. ...	Westfield, Miranda, Sydney Image File history File links Download high resolution version (816x616, 109 KB)Westfield shopping centre at Miranda, Sydney, Australia I took the photo Cfitzart 09:59, 22 August 2005 (UTC) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Miranda is a suburb of Sydney, Australia, and is adjacent to Gymea and Caringbah. ...	Westfield, Belconnen, Australia Image File history File links Download high resolution version (888x1184, 245 KB)Westfield Belconnen in Canberra, Australia. ... Location of Belconnen For the Canberra suburb of Belconnen see: Belconnen, Australian Capital Territory Belconnen is a district of Canberra, the Capital city of Australia, comprising 25 suburbs with 29,900 dwellings housing 82,247 people of the 311,518 people in the Australian Capital Territory (June 2001 Census). ...
Westfield Doncaster Office Tower, Doncaster,Victoria, Australia ImageMetadata File history File links Download high resolution version (480x640, 103 KB) Summary Westfield Shoppingtown Office Tower at Doncaster, Victoria. ... Westfield Shoppingtown Doncaster (also known as Doncaster Shopping Centre or Shoppo) is a shopping centre owned by the Westfield Group and located in Doncaster, a suburb of Melbourne, Victoria, Australia. ... Capital Melbourne Government Constitutional monarchy Governor David de Kretser Premier Steve Bracks (ALP) Federal representation  - House seats 37  - Senate seats 12 Gross State Product (2004-05)  - Product ($m)  $222,022 (2nd)  - Product per capita  $44,443/person (5th) Population (End of September 2006)  - Population  5,110,500 (2nd)  - Density  22. ...	Westfield Carindale Image File history File linksMetadata Download high-resolution version (1048x1500, 934 KB) Westfield Carindale, taken from Creek Road. ... Carindale is a suburb of the city of Brisbane, which has a population of approximately 35,000 and contains around 10,000 houses. ...	Westfield Parramatta, Sydney Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2048 × 1536 pixel, file size: 662 KB, MIME type: image/jpeg) Westfield Parramatta, as seen from the bus bay at Parramatta Station on October 6, 2006. ... This article does not adequately cite its references or sources. ...	Westfield Burwood, Sydney Image File history File linksMetadata Download high-resolution version (2048x1536, 666 KB) Westfield Burwood as seen from Burwood Park in October 2006. ... Burwood is a suburb in the inner-west of Sydney, in the state of New South Wales, Australia. ...
Westfield Belconnen, Canberra Image File history File linksMetadata Download high-resolution version (2816x2112, 1349 KB) I, the creator of this work, hereby release it into the public domain. ... Belconnen (postcode 2617) is a suburb in the Canberra district of Belconnen. ...	Westfield Hurstville, Sydney Image File history File linksMetadata Size of this preview: 450 × 600 pixelsFull resolution (1920 × 2560 pixel, file size: 1. ... Memorial Square, Forest Road, Hurstville Memorial Square mosaic, Forest Road, Hurstville Miles Franklin statue and mural in MacMahon Street Hurstville is a suburb in southern Sydney, in the state of New South Wales, Australia. ...	Westfield Eastgardens, Sydney Image File history File linksMetadata Size of this preview: 800 × 600 pixelsFull resolution (2560 × 1920 pixel, file size: 1. ... Eastgardens is a suburb of Sydney, in the state of New South Wales, Australia. ...	Westfield Newmarket, Auckland Image File history File links Size of this preview: 450 × 600 pixelsFull resolution (1200 × 1600 pixel, file size: 291 KB, MIME type: image/jpeg) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Broadway, the main street of Newmarket. ...

See also

• Shopping property management firms

McArthur Glen Designer Outlet, Swindon, England, a shopping mall built within a disused railway engine works. ...

References

1. ^ Carolyn Cummins, Commercial Property Editor. "Frank Lowy gives himself a $1.3m pay rise", The Sydney Morning Herald, 2004-9-24. Retrieved on 2006-11-28. (in english) 
2. ^ Westfield Group (2006-05-09). Westfield Group Announces Transactions With Centro Properties Group and Somera Capital Management. Press release. Retrieved on 2006-12-05.
3. ^ Westfield Group (2006-09-18). A New Icon in UK Retail: "Westfield London". Press release. Retrieved on 2006-11-30.
4. ^ Westfield Group (2006-06-13). Westfield to control 100% of Stratford City, Major East London Regeneration Project. Press release. Retrieved on 2006-12-04.
5. ^ Kilner, Will. "Broadway construction "will start in New Year"", Bradford Telegraph and Argus, 2006-09-29. Retrieved on 2006-12-04. 
6. ^ Walsh, David. "The Eagle is Grounded", Derby Evening Telegraph, 2006-11-30. Retrieved on 2006-11-30. 
7. ^ ^{a b c d} André Sammartino & Frances Van Ruth (2007), 'The Westfield Group’, in Dick, H. & Merrett, D. (eds.), The Internationalisation Strategies of Small-Country Firms: The Australian Experience of Globalisation, Edward Elgar: Cheltenham, UK, pp.308-318.
8. ^ ^{a b c d} westfield/corporate. Westfield History - Chapter One - 1956–1960 Westfield Stirs p.14. Retrieved on 05 January 2007.
9. ^ Anthony Hughes (2004-06-18). Westfield promises not to bully. The Sydney Morning Herald. Retrieved on 2006-12-04.
10. ^ "Westfield fees 'force business closure'", ABC News Online, 2006-09-30. Retrieved on 2006-11-28. 

This article or section does not cite its references or sources. ... For the Manfred Mann album, see 2006 (album). ... November 28 is the 332nd day (333rd in leap years) of the year in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... May 9 is the 129th day of the year in the Gregorian calendar (130th in leap years). ... A news release, press release or press statement is a written or recorded communication directed at members of the news media for the purpose of announcing something claimed as having news value. ... For the Manfred Mann album, see 2006 (album). ... December 5 is the 339th day (340th in leap years) of the year in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... September 18 is the 261st day of the year (262nd in leap years). ... A news release, press release or press statement is a written or recorded communication directed at members of the news media for the purpose of announcing something claimed as having news value. ... For the Manfred Mann album, see 2006 (album). ... November 30 is the 334th day of the year (335th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... June 13 is the 164th day of the year in the Gregorian calendar (165th in leap years), with 201 days remaining. ... A news release, press release or press statement is a written or recorded communication directed at members of the news media for the purpose of announcing something claimed as having news value. ... For the Manfred Mann album, see 2006 (album). ... December 4th redirects here. ... The Telegraph and Argus is the local evening newspaper for Bradford, England. ... For the Manfred Mann album, see 2006 (album). ... September 29 is the 272nd day of the year (273rd in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... December 4th redirects here. ... Derby Evening Telegraphy The Derby Evening Telegraph is an afternoon tabloid newspaper printed and distrubuted in Derby, it costs 30p. ... For the Manfred Mann album, see 2006 (album). ... November 30 is the 334th day of the year (335th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... November 30 is the 334th day of the year (335th in leap years) in the Gregorian calendar. ... January 5 is the 5th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ... This article or section does not cite its references or sources. ... For the Manfred Mann album, see 2006 (album). ... December 4th redirects here. ... ABC News is produced by ABC News and Current Affairs. ... For the Manfred Mann album, see 2006 (album). ... November 28 is the 332nd day (333rd in leap years) of the year in the Gregorian calendar. ...

External links

Wikimedia Commons has media related to:

The Westfield Group

• Westfield home page