Westfield To Invest GPB3 Billion In Britain -Report
30 July 2012 - 9:32AM
Dow Jones News
Westfield Group (WDC.AU) is planning to invest a further GBP3
billion (US$4.72 billion) in Britain in the next few years as part
of a strategy to expand its footprint in upmarket shopping centers
in the country, The Australian newspaper reported Monday.
The newspaper said the company's co-chief executive Steven Lowy
said in an interview Westfield would continue with its strategy of
selling lower-quality assets to focus on more upmarket
projects.
Newspaper website: http://www.theaustralian.news.com.au
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