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The Westfield Group (ASX Code: WDC) is an internally managed, vertically integrated, shopping center group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing in excess of 5,000 staff worldwide.

It is the world’s largest listed retail property group by equity market capitalization and operates a portfolio valued at approximately $56 billion.

Westfield has 118 shopping centers in Australia, New Zealand, the United States and the United Kingdom with 22,763 retail outlets in over 108 million square feet of space.

These shopping center portfolios have strong positions in their local markets with geographic, retail and economic diversity providing a strong and consistent income stream. The centers are located in prime trade areas, anchored by long term tenancies with major retailers and incorporate a wide cross section of high quality specialty retailers and national chain store operators.

Intensive management at an operational level is a key driver for income growth from existing assets and an extensive development program at high yields generates incremental income, improves asset quality and creates significant value.