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Company type | Public |
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ASX: WFD | |
Industry | |
Predecessor | Westfield Group (1960–2014) |
Founded | 2014 |
Founder |
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Defunct | June 2018 |
Fate | Merged with Unibail-Rodamco |
Successor | Unibail-Rodamco-Westfield (2018–present) |
Headquarters | Level 29, 85 Castlereagh Street, , |
Area served | |
Key people |
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Revenue | A$635.5 million (2014) |
Total assets | A$29 billion (2016)[2] |
Number of employees | 1,700 worldwide (2016)[2] |
Subsidiaries |
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Website | www |
Westfield Corporation was an Australian commercial real estate company and operator of shopping centres. It was founded with the spin-off of the Westfield Group in 2014, where assets in Australia and New Zealand formed the Scentre Group, and assets in the United Kingdom and United States formed the Westfield Corporation. It was listed on the Australian Stock Exchange with the ticker symbol "WFD".
Westfield accepted a $32.8 billion takeover offer from Unibail-Rodamco, excluding Westfield Labs, on 12 December 2017. The takeover was completed, and the parent company was renamed Unibail-Rodamco-Westfield, in June 2018.[3][4][5][6][7]
Westfield undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres. Its portfolio included investment interests in 40 shopping centres across the United States and Europe, encompassing around 7,500 retail outlets and total assets under management in excess of $28.5 billion. It also operated Westfield Labs, a technology and design arm based inside the Westfield San Francisco Centre[8].[citation needed]