ABOUT WESTFIELD GROUP
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Westfield History

Timeline

2008
Stockland sells 25% stake in Perth's Karrinyup Shopping Centre
Westfield Group to acquire interest in the Wold Trade Center retail facilities joint venture with Port Authority of New York and New Jersey

2007
Sells 50% interest in Westfield Doncaster (Aus) to LaSalle Investment Management Inc.
Divests four assets in the US for US$1.04 billion
Acquires two key US assets for US$400 million
Establishes £530 million Westfield UK Shopping Centre Wholesale Fund
Raises A$3.0 billion of ordinary equity from the issue of non-renounceable Rights
Sells 50% interest in Westfield Parramatta (Aus) to GIC Real Estate Pte Ltd
Issues A$1.25 billion of Property Linked Notes – based on interests in six centres in the Australia portfolio
Opens first major redevelopment project in UK at Westfield Derby
Completes five major developments in four weeks across four countries including Derby, Annapolis (US), North Lakes and Kotara (Aus) and Albany (NZ)

2006
Raises A$1.3 billion from new joint venture with QIC on Merry Hill in the UK
Assumes design and construction responsibility for White City project, London
Acquires further 75% interest in Stafford, London
Announces transactions with Centro Properties Group and Somera Capital Management – divested eight centres in US for US$550 million
Announces Nordstrom and JC Penney to take former Federated sites at Westfield Palm Desert and Westfield MainPlace
Westfield Group announces first full year result – strong performance in all markets
Acquires 16 Federated Department Store sites