Shopping giant Westfield to split mall empire


Westlife in Sydney

Under the restructure, its Australian and New Zealand businesses - with interests in 47 malls - will be merged with those of Westfield Retail Trust, which was spun off from the main company in 2010.

The resulting US$26 billion entity will be named Scentre and listed on the Australian stock market, with a development pipeline for projects worth some US$3 billion.

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