Westfield
Group (WDC)
Westfield Group on the ASX Stock
Exchange
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Group
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Group stocks?
Westfield Group is one of the
world's largest listed property trusts with significant
exposure around the world to the shopping centre market.
Westfield group's main exposure is in Australia, New Zealand,
USA and the UK. With such a large presence around the world it
has made the original founder, Frank Lowy, one of the richest
men in Australia and even the world.
Westfield group's business
activities include a range of diversifying activities including
development, construction, design, leasing, funds management
and asset management and marketing activities. In Australia the
Westfield Group is the most dominant shopping centre
conglomerate and nearly every Australian citizen would have
been to at least one if not more of their successful shopping
centres.
By mid-2008 Westfield Group had
direct exposure and interests in 119 shopping centres around
the world valued in excess of $60 billion Australian. This
amazing diversification around the world comprises 44 centres
in Australia, 55 in the United States, eight in the United
Kingdom and 12 in New Zealand.
Westfield group also has
interests in some funds and asset management activities and
manages assets on by halves of institutional and other
investors under a joint-venture agreement.
During the economic upheaval of
2008, at Westfield Group’s share price managed to be one of the
strongest performers in the market but unfortunately towards
the end of 2008 the share price took a nosedive and managed to
fall from $18 down to $11 in February 2009.
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Westfield Group Quick Facts (as of
1 February
2009)
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Chairman:Mr Frank P Lowy
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MD/CEO: Mr Peter S Lowy
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Industry Group: Real
Estate
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Shares on
issue: 1,964,771,835
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Market
Cap: $20,826,572,971
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www.westfield.com/corporate
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