Scentre Group was created on 30 June 2014 through the merger of Westfield Retail Trust and Westfield Group’s Australian and New Zealand management business.
Scentre Group was created to own, manage and develop Westfield shopping centres in Australia and New Zealand. A new, separate company – Westfield Corporation – was created to own, manage and develop Westfield Group’s international shopping centre portfolio. Although Scentre Group is a new company it is steeped in the history of the Westfield Group, and its shopping centres continue to feature the distinctive Westfield brand and benefit from the Australian and New Zealand management expertise that previously served the Westfield Group.
In 1960, Westfield was listed as a public company on the Sydney Stock Exchange (ASX) and began developing shopping centres in Australia before establishing a business in the United States in 1976. It later expanded to New Zealand, the United Kingdom and Europe.
Throughout its history, Westfield underwent several capital restructures, all aimed at meeting the needs of the market at the time and delivering better growth prospects for investors. In December 2013 Westfield Group announced that its Australian and New Zealand business, and its international business, had both increased in scale and quality to a point where each could operate more efficiently and generate greater growth and value for investors by being independent.
A visual journey of Westfield’s evolution, as told by its founder and executive team.
Westfield from its earliest days to the celebration of its 50th anniversary as a public company in 2010.
Westfield’s key milestones over the years.