Westfield poised for positive vote
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
A sweetener from Frank Lowy on the proposed restructure of his $70 billion property empire appears to have done the trick, with many investors indicating they will now support the deal, The Australian Financial Review reports.
Several institutional investors told the paper of a swing in their perception of the proposed shake-up on news $300 million would be cut from the debt of the newly formed Scentre.
“Whilst small, it is sufficient enough to see the deal supported. It looks like a sensible outcome and the proposal is most likely going to be achieved,” Freehold Investment Management fund manager Andrew Smith told the AFR.
The restructure will see Westfield Group (WDC) and Westfield Retail Trust (WRT) merge and then split into separate vehicles: the Australia and New Zealand-based Scentre and the overseas-focussed Westfield Corporation.
Several large Westfield Retail Trust shareholders have, however, remained quiet on the latest announcement, casting some doubt on the deal ahead of the May 29 vote.