Westfield Group

Westfield Group was founded in 1960 by Frank Lowy and John Saunders in Sydney, Australia, opening its first shopping centre in Blacktown, New South Wales, and growing into one of the world's largest retail property companies.

At its peak Westfield owned and operated more than 100 shopping centres across Australia, the United States, the United Kingdom, and New Zealand, with total assets exceeding $60 billion.

Westfield Group was acquired by French property giant Unibail-Rodamco in 2018 for approximately $24.7 billion, ending its independent existence.

Westfield Group History

• 1960
  Frank Lowy and John Saunders open Westfield Place in Blacktown, Sydney — Australia's first fully enclosed shopping mall — with an initial investment of £75,000.
• 1977
  Westfield lists on the Australian Stock Exchange, raising capital to fund its rapid expansion across Australia and begin its first overseas investments.
• 1994
  Westfield acquires a portfolio of US shopping centres, establishing itself as a major player in American retail real estate and laying the groundwork for its World Trade Center project.
• 2004
  Westfield restructures into Westfield Group, merging its three listed vehicles into a single globally unified property trust traded on the ASX.
• 2018
  Unibail-Rodamco acquires Westfield Group for approximately $24.7 billion, creating the world's largest retail property company under the Unibail-Rodamco-Westfield brand.

FAQs

• Who owns Westfield Group?

  Westfield Group is owned by Unibail-Rodamco-Westfield (URW), a French-Dutch property company that acquired it in June 2018 for approximately $24.7 billion. The Westfield brand name was retained but the company no longer operates independently.
• When did Westfield Group come out?

  Westfield Group was founded in 1960 by Frank Lowy and John Saunders in Blacktown, Sydney, Australia. It listed on the Australian Stock Exchange in 1977 and restructured into the unified Westfield Group entity in 2004.
• Is Westfield Group an American company?

  No. Westfield Group was an Australian company, founded in Sydney in 1960. It operated extensively in the US but remained headquartered in Australia. It was acquired in 2018 by Unibail-Rodamco, a French-Dutch real estate company.
• Who made the Westfield Group logo?

  Westfield's logo evolved over several decades. The clean red-and-white wordmark used in its final years was developed through external branding agencies as part of Westfield's 2004 restructuring and global unified brand rollout across all its shopping centres.