Countries: Australia
Westfield Group today released a discussion paper on NSW’s liquor licensing laws prepared by the architect of Victoria’s licensing reforms in the mid-1980s, Professor John Niewenhuysen AM.
Westfield commissioned the paper to better understand the implications of licensing laws for its planned $600 million investment in a new shopping and commercial centre in the heart of Sydney’s CBD.
The paper highlights the economic and societal benefits of Victoria’s reforms and suggests NSW should develop a similar approach.
While the views expressed in the paper are those of the author, Westfield generally supports those views and believes a wide range of bars, cafes and restaurants would complement its proposed development in Sydney’s CBD and offer greater choice and service to the wider community.
ENDS
Westfield Group
The Westfield Group (ASX Code: WDC) is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing in excess of 4,000 staff worldwide. It has investment interests in 119 shopping centres in four countries, with a total value of in excess of A$60 billion and is the largest retail property group in the world by equity market capitalisation.
Westfield Group