Westfield Stratford makes almost £900m in sales in first year

The Westfield shopping centre in Stratford generated £896m in sales in its first year, boosted by the Olympic and Paralympic Games.

The shopping centre, which is the largest in Europe, attracted 47m visitors over the year, the Westfield Group said today.

The Australian property group’s UK portfolio was over 99.5 per cent leased over the nine months to September, bucking the trend of rising vacancy rates, while its global portfolio was 97.7 per cent leased.

Co-chief executives Peter Lowy and Steven Lowy said that the performance of the year to date was “pleasing” and “in line with expectations”.

“In the United Kingdom the performance of Stratford City has been outstanding with the London 2012 Olympics demonstrating our capacity, expertise and brand to a world audience," they said.