Comparative review

Westfield Group and Westfield Retail Trust have announced that they’re weakening ties with AMP Capital (a division of AMP Limited), which Westfield has partnered with for over 50 years. Diverging priorities between the companies about when and how to develop its jointly owned assets has resulted in a complex asset sale transaction involving eight properties (see Table 1).     Ownership prior to transaction (%) Ownership post transaction (%) Management Table 1: WRT, WDC and AMP transaction Centre Location WDC WRT AMP WDC WRT AMP Prior Post Tea Tree** Adelaide 31.3 18.8 50.0 31.3 18.8 50.0 WDC WDC Mt...

Westfield Group and Westfield Retail Trust have announced that they’re weakening ties with AMP Capital (a division of AMP Limited), which Westfield has partnered with for over 50 years. Diverging priorities between the companies about when and how to develop its jointly owned assets has resulted in a complex asset sale transaction involving eight properties (see Table 1).

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