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Westfield to split domestic, global ops

New company Scentre Group will own malls in Australia, New Zealand

Thu, Dec 05, 2013 - 6:00 AM

Brand retained: Scentre Group, which will hold A$28.5 billion of malls, will become Australia's biggest listed property trust by assets. All the malls will keep their Westfield branding, the company said. - PHOTO: BLOOMBERG

[SYDNEY] Westfield Group, Australia's biggest mall operator, plans to split its domestic and international businesses, advancing a separation of assets that began three years ago.

Westfield Group, which jointly owns malls in Australia and New Zealand with Westfield Retail Trust, proposes...

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