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Westfield Retail Trust

“Market Cap $8.32 B As of May 2014

At a Glance

  • Industry: Real Estate
  • Founded: 2004
  • Country: Australia
  • CEO: Domenic Panaccio
  • Website:www.westfieldretailtrust.com
  • Sales: $517 M
  • Headquarters: Sydney

Forbes Lists

#1286 Global 2000

  • #802 in Profit
  • #1529 in Assets
  • #1281 in Market value
Profile

Westfield Retail Trust operates as a real estate investment trust, which focuses on ownership of retail properties. Its investment properties include shopping centre investments, development projects and construction in progress. The company was founded in December 2010 and is headquartered in Sydney, Australia.

“About Westfield Retail Trust

Westfield Retail Trust is Australia’s largest domestic retail focused real estate investment trust, with a total asset value of $14 billion at 31 December 2013, low gearing and income being derived primarily in Australian dollars.

The Trust’s principal investment is the joint venture ownership, alongside Westfield Group and other third parties, in a high quality unrivalled shopping centre portfolio comprising interests in 46 major shopping centres located predominantly in Australia, with 9% of the shopping centre assets located in New Zealand.

The Trust’s strategy is to maximise the income and capital returns from its investment portfolio and, in partnership with Westfield Group and other joint venture partners, grow through redevelopments, acquisition opportunities and capital management initiatives.”

*Information from Forbes.com and Westfieldretailtrust.com

**Video published on YouTube by “WestfieldRetailTrust