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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!