Westfield began in 1959 with one shopping centre in the outer suburbs of Sydney, Australia and has grown to become one of the world’s largest shopping centre owners and managers, playing a major role in changing the way the world shops.
Westfield was first listed on the Sydney Stock Exchange in 1960, and since then has undergone several decades of rapid expansion to new markets in the US, UK, New Zealand and across Australia.
Throughout its history, Westfield has changed its corporate structure to create greater value and choice for investors. In December 2013 Westfield announced a proposal to separate its Australian and New Zealand business from its international operations, creating two new, independent companies – Westfield Corporation to own and operate the northern hemisphere assets, and Scentre Group, to own and manage Westfield Group’s Australian and New Zealand operations.
Westfield Corporation was created in June 2014 through this restructure and since then has launched new flagship centres and created significant value for investors.