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The Westfield Group keeps its global headquarters in Sydney, Australia, where the company was founded in the late 1950s. It has been listed on the Australian Securities Exchange since 1960. From its first centre at Blacktown in Sydney’s western suburbs to the flagship Westfield Bondi Junction, the Group has become the world’s largest shopping centre group by market equity capitalisation.
Between 1960 and 1976, the company grew until it was managing 22 shopping centres in Australia and was on the brink of expansion into the United States. Continued growth through development and acquisition has seen the Australian portfolio expand to 44 centres today, 38 of which are managed by the Westfield Group. The Group has assets in every major metropolitan city across Australia as well as key regional markets.
Australia is home to just under half of the Group’s global assets managed globally (by value) . The Australian portfolio is home to more than 11,000 retail outlets with around 3.5 million square metres (37.7 million square feet) of retail space. Westfield’s shopping centres attract more than 500 million visits each year across five states. The portfolio ranges from smaller community-based centres anchored by supermarkets and up to 100 retailers, to super-regional centres with multiple department stores and several hundred specialty stores.
A growing part of Westfield’s portfolio are marquee centres such as Bondi Junction, Doncaster and the soon-to-be developed Westfield Sydney project. These projects are positioned as world leaders in the shopping centre design and retail experience, setting an international benchmark for the global Westfield portfolio and the entire industry.