Westfield unveils updated plans for £1.3bn White City residential scheme April 26, 2021 Westfield has revised its planning application for a £1.3bn residential scheme in White City, adding several hundred new homes to the proposals. The proposed scheme will include up to 1,760 new homes, up from the 1,093 granted planning permission in 2017, and will also involve the construction of a 1.4 acre public space and new [...]
Westfield owner rejects €3.5bn rights issue after shareholder backlash November 10, 2020 Shareholders in the owner of Westfield shopping centres have voted against a controversial €3.5bn (£3.1bn) rights issue, the company said today. Unibail-Rodamco-Westfield said its proposals for a capital increase had failed to win the required two-thirds majority following a remote vote that closed yesterday. The Paris-headquartered company faced fierce opposition over the plans from a [...]
Harrods to open Westfield outlet shop to ease pressure on Knightsbridge store May 28, 2020 Harrods is preparing to open a new London outlet to host its summer sale and create more space at its Knightsbridge flagship store. The Harrods Outlet at Westfield Shepherd’s Bush will open in July and offer discounted stock from the existing season that the retailer was unable to sell when stores closed during the UK [...]
Westfield owner suffers income drop as UK retailers shut shops and cut rents August 1, 2019 Retail landlord Unibail-Rodamco-Westfield (URW) suffered a drop in UK rental income in the first six months of the year as the property giant’s two London sites were hit by store closures and leasing delays. Like-for-like net rental income was down 3.1 per cent compared to the previous year as tenants – struggling in a challenging [...]
Westfield Stratford and Westfield London boost Christmas shopping footfall January 4, 2019 Westfield London and Stratford City saw record festive footfall this year, helping to dispel fears of retail gloom over the Christmas period. Christmas footfall was up 11 per cent year-on-year with 15.6m visitors visiting the centres from the start of November, the owner of the two shopping centres, Unibail-Rodamco-Westfield, announced today, while Boxing Day shoppers hit 350,000 [...]
Unibail-Rodamco to buy Westfield in $24.7bn shopping centre mega-merger | City A.M. December 12, 2017 Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). It comes after Hammerson offered [...]