Westfield opts for £ 7. 6bn Australian split
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Australian Group said Wednesday morning in Sydney that it create confidence and raise a. equity-new 3 $ 5bn. Trade in the shares of the company was interrupted Tuesday in anticipation of the announcement of the transaction.
Westfield Trust retail will be a joint venture in 54 of malls and Australia New Zealand business partner.
Westfield, whose assets deserve to be more A$ 61bn, owns the Westfield London shopping centre in the woods of the Shepherd, but sites of Derby, Nottingham and Guildford.
It is also developing a new center of. 45bn ￡ 1 in Stratford, London is next to the site for the Olympic Games of 2012 and intends to launch a fresh product development market.
It is heard that restructuring, which places the UK assets alongside 55 company US shopping centres, allow the Westfield more space to advance its UK, including Bradford city centre regeneration, development plans to provide with the power of fire to pursue acquisitions of companies.
Citigroup, Credit Switzerland and Morgan Stanley are advise Westfield, which also appears to be in talks with Henderson Global Investors a 50pc stake in his Stratford diet for a new Fund sales.
