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Westfield profit up 31% as 5.5m visit Stratford City Wednesday, 15th August 2012
Photo credit: Westfield Group
The London 2012 Games gave Westfield “unprecedented exposure to a global audience” with 5.5 million people visiting the group’s Stratford City centre during the Olympics.
The Australian property giant has suggested it is one of the biggest retail winners of the event, with strong footfall figures over the last two weeks meaning the group will now be on target to attract 60 million shoppers in total to its London centres this year who are forecast to spend £1.8 billion.
Forming the entrance of the Olympic Park, Westfield’s Stratford City is Europe’s largest urban shopping mall, with around 300 stores and 70 restaurants.
The good news continued for Westfield, who saw a rise in results for the first half of 2012, thanks to strong trading in Australia and the US.
Net profit rose 31 per cent to AUD 800 million in the six months to the end of June, as the group maintained that it would be on track to meet City expectations for the rest of the year.