Westfield Group

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Westfield Group

Company type	Public
Traded as	ASX: WDC
Industry	Real estate investment trusts
Genre	Shopping malls
Founded	1960 (1960)
Founder	John Saunders Frank Lowy
Defunct	2014; 10 years ago (2014)
Successors	Scentre Group Westfield Corporation
Headquarters	Sydney, New South Wales , Australia
Area served	Australia United States United Kingdom Italy Croatia Czech Republic Sweden New Zealand Poland Brazil France Austria Netherlands Germany Slovakia Spain
Key people	Peter Lowy (co-CEO) Steven Lowy (co-CEO)
Revenue	US$833 million (2014)
Operating income	US$391 million (2014)
Net income	US$461 million (2014)
Total assets	US$28.5 billion (2014)
Number of employees	2,000+ (2014)[1]
Parent	Scentre Group
Website	westfieldcorp.com

Westfield Group was an Australian shopping centre company that existed from 1960 to 2014, when it split into two independent companies: Scentre Group, which owns and operates the Australian and New Zealand Westfield shopping centre portfolio; and Westfield Corporation, which continued to own and operate the American and European centre portfolio.^[2]

Westfield Group undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities. The multinational company was listed on the Australian Securities Exchange and had interests in and operated one of the world's largest shopping centre portfolios with investment interests in 103 shopping centres across Australia, the United States, the Netherlands, the United Kingdom, New Zealand, Italy, France, Sweden, Austria, Germany, Croatia, Poland, Czech Republic and Brazil, encompassing around 23,000 retail outlets and total assets under management in excess of A$63 billion.^[3]