Westfield Group in the context of "Westfield Stratford City"

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⭐ Core Definition: Westfield Group

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 until it merged to form Unibail-Rodamco-Westfield.

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, Spain, Croatia, Poland, Czech Republic and Brazil, encompassing around 23,000 retail outlets and total assets under management in excess of A$63 billion.

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👉 Westfield Group in the context of Westfield Stratford City

Westfield Stratford City is a shopping centre in Stratford, East London, which opened on 13 September 2011. With a total retail floor area of 1,910,000 square feet (177,000 m), it is the largest urban shopping centre in the UK by land area and the 4th-largest shopping centre in the UK by retail space, behind Westfield London (White City), the MetroCentre, and the Trafford Centre.

Originally fully owned by the Westfield Group, in November 2010 ABP Pension Fund and CPP Investment Board each purchased a 25% shareholding, with Westfield retaining 50%. Westfield's holding is now owned by Unibail-Rodamco-Westfield following Unibail-Rodamco's acquisition of Westfield Corporation in 2018.

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Westfield Group in the context of Stratford City

Stratford City is a mixed-use development project in Stratford, London, England, to the north of Stratford town centre. The main developers are the Westfield Group and Lendlease.

Stratford City is the name given to the urban community centred on the Queen Elizabeth Olympic Park. Based on Stratford Regional and Stratford International railway stations, it includes Stratford Cross, a joint venture between Lendlease and London and Continental Railways (LCR) to create a £2 billion commercial and residential development, the Westfield shopping centre, Chobham Academy, and the East Village, previously the athletes' village constructed by Lendlease for the London 2012 Olympic and Paralympic Games.

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Westfield Group in the context of Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield SE (previously Unibail-Rodamco SE) is a multinational commercial real estate company headquartered in Paris, France, and is the owner and operator of Westfield shopping centres in the European Union, United Kingdom and the United States. Its history originates with the formation of initially two separate shopping centre operators, Unibail (founded in France in 1968) and Rodamco Europe (founded in the Netherlands in 1999), which merged in 2007 and became a societas Europaea in 2009. In 2018, Unibail-Rodamco merged with Australian shopping centre operator Westfield Corporation to form the current company.

Many of its shopping centres use the Westfield brand launched by Australian Westfield Group in 1960 and shared with Scentre Group for properties in Australia and New Zealand since 2014. As of 2024, Unibail-Rodamco-Westfield is the largest commercial real estate company in Europe, and is a component of the Euro Stoxx 50 stock market index, as well as the French CAC40. Its portfolio consists of retail property, office buildings, and convention centers within Europe and North America. Retail properties owned by Unibail-Rodamco before the merger carry the Westfield name. As of July 2022, the group owned 87 shopping centres.

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Westfield Group in the context of Westfield London

Westfield London is a large shopping centre in White City, West London, England, developed by the Westfield Group at a cost of £1.6bn,on a brownfield site formerly the home of the 1908 Franco-British Exhibition. The site is bounded by the West Cross Route (A3220), the Westway (A40) and Wood Lane (A219). It opened on 30 October 2008 and became the largest covered shopping development in the capital; originally a retail floor area of 1,600,000 sq ft (150,000 m), further investment and expansion led to it becoming the largest shopping centre in the UK and Europe by March 2018, an area of 2,600,000 sq ft (240,000 m).

The mall is anchored by department stores John Lewis and Marks & Spencer, as well as multi brand retailer Next and large fast fashion brand Primark. Former anchor retailers include House of Fraser and Debenhams.

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