On Tuesday, Unibail-Rodamco (AEX:ULA) announced it had entered into an agreement to acquire all of the outstanding shares in Westfield Corporation (ASX:WFD). This is Australia’s biggest ever acquisition, worth $32bn, and has naturally received widespread commentary. Show More
Once again, Sir Frank Lowy, has surprised the market and undertaken a transformational deal that shows the 87-year-old has not lost any of the midas touch that has been a hallmark of his stellar career since Westfield first listed on the ASX in 1960. Show More
Shopping mall owner, Westfield Corporation (WFD), reported an expected 41% fall in profit for the 2016 calendar year as the company spun off assets and saw reduced revenue over the period. Funds From Operations (FFO) were in line with the company and market expectations at US$700 million. Show More
Bell Potter executive director Charlie Aitken has entered the debate over the future of Westfield Retail Trust, strongly advising clients to vote for the merger between Westfield Retail and the Australian and New Zealand operations of Westfield Group. Read the full article by the AFR at this link http://www.afr.com/p/business/property/charlie_aitken_backs_westfield_merger_7se8kUKbCyFLeFxejh7BcK Show More