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Australian shopping mall firm Westfield is bought by French property company Unibail-Rodamco for $15.7 billion

Westfield Corporation was an Australian commercial real estate company and operator of shopping centres.

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 French company 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.

Westfield undertook ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres.

Historical Significance

Westfield Corporation was an Australian commercial real estate company and operator of shopping centres.

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Frequently Asked Questions

What happened on December 12, 2017?
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".
Why is Australian shopping mall firm Westfield is bought by French property company ... significant?
Westfield Corporation was an Australian commercial real estate company and operator of shopping centres.

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December 12 in HistoryYear 2017