Westfield Retail: a guide to the choice

Whether they like it or not, Westfield Retail Trust shareholders must now choose between Lowy’s Plan A, or the belatedly-announced Plan B. The importance of UniSuper’s stance is increasingly clear.

Regulators and commentators are properly pouring over just how to sort out the Westfield mess. But the real essence of the matter is whether Westfield Retail Trust shareholders should accept Plan A (proposed by the Lowys to bring together all the Australian assets under one roof) or Plan B, where there will be two separate listed Australian companies and Westfield Retail Trust will basically stay as it is.

As we look at the effect of each of these plans on Westfield Retail, the strategy and stance of UniSuper becomes very important. 


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