Westfield

Shopping centre legend Sir Frank Lowy has called time on the Australian mall empire he co-founded six decades ago after selling an $815 million stake in the listed Scentre Group on Wednesday night.

Victoria is set to land its first official LEGO store. The brick-building toy brand will open one of its popular ‘certified stores’ at Westfield Doncaster, in a coup for local kids and enthusiasts. While LEGO …

The way consumers engage with shopping centres is set to evolve as mall giant Scentre Group commits to integrating new technologies following its latest deal with Uber.

Scentre Group, owner of the local Westfield mall empire, is weighing up interest in the landmark office towers that sit over and around its Westfield Sydney complex, with private equity group Blackstone believed to be most advanced in negotiations.

Lendlease’s flagship Australian shopping centre fund is dealing with hefty redemption requests by offering up a half-stake in the $1.5 billion Westfield Marion shopping centre in Adelaide.

Retail property investors are preparing for a wave of shopping centres to hit the market as landlords face a tougher environment with slower spending and traditional anchor department stores coming under pressure. While retail property …

Westfield’s key malls have become so big they had lost “rental tension” with their new owner no longer on the expansion trail, it was revealed in a UBS research note after the investment bank hosted Unibail-Rodamco-Westfield’s chief financial officer at its global conference.

The Lowy family has severed yet another link with the Westfield shopping centre empire that family patriarch Sir Frank Lowy co-founded in 1960, as his son Steven, the last member of the family to remain on the board of local owner Scentre Group, flagged his intention to step down.

The heavyweight Scentre Group has swooped on a half-stake in Westfield Eastgardens, buying it from the private Terrace Tower Group for $720 million in a deal that defies predictions of a slump in shopping centre values.