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Westfield’s annual profits rise 18.3% Wednesday, 27th February 2013
Australian retail property giant Westfield saw net profit rise 18.3 per cent to AUD 1.72 billion in the year to 31 December. As owner of one of the world’s largest shopping portfolios, Westfield commands a network of 105 shopping centres across five counties with over 22,800 retail stores, 1.1 billion annual customer visits and over AUD 40 billion in annual retail sales.
Westfield works its magic Tuesday, 13th September 2011
The nation’s high streets may remain in dire straits, but over in London’s Stratford, Westfield has put a spell on shoppers.
Tens of thousands of shoppers this morning queued for hours to be amongst the first to visit London’s largest shopping centre. Many had set up camp over 20 hours ago to take advantage of the Day One special discounts Westfield’s retailers ran to celebrate the launch of the £1.45 million centre.
Stars flocked to a red carpet opening ceremony hosted by Pixie Geldof and Nick Grimshaw, which saw pop star Nicole Scherzinger performed live.
Despite the gloomy economy the Stratford centre has now filled 96 per cent of its 300 stores, as retailers pin their hopes on the Australian retail property specialists’ latest offering.
Look out for My Retail Media’s first impressions report on the centre later this week.
Harper Dennis Hobbs to sell remaining Habitat stores Friday, 1st July 2011
Habitat administrator Zolfo Cooper has appointed Harper Dennis Hobbs to bring 29 of the home retailer’s store to market.
The retail agent has worked with Habitat in the past, and represented the business when signing up for its Westfield outlet in White City.
Home Retail Group last week announced it would buy the Habitat brand and its three central London stores for £24.5 million in cash. 100 staff members and Habitat’s 50 strong “brand support” team will be retained by the Group, which also owns Argos and Homebase.
Westfield announces £1 bn White City plans Tuesday, 28th June 2011
The Australian property developer has released plans for another London shopping spree- this time adding 500,000 sq ft of retail space to its West London shopping centre.
John Lewis is said to be eyeing a new department store that will be added as part of Westfield’s £1 billion extension, which will create a pedestrianised area joining the shopping centre to Shepherd’s Bush town centre.
Plans for the extension will be on display in the area next month, with consultations taking place locally. It is thought the proposals would create 2,500 permanent jobs for West London, along with 1,700 new homes. If successful, the development will be “phased over time.”
Duncan Bower, director of development and asset management at Westfield, said: "We believe our plans represent an exciting new chapter for the area and will continue the regeneration of the area that is already under way."