Westfield Offer Document and Media Statement [15.79 Mb]

Westfield Group to restructure establishing new Westfield Retail Trust

distributing $7.3 billion of capital to securityholders

SYDNEY: Westfield Group (ASX:WDC) today announced a proposed restructuring creating a new separately listed property trust – the Westfield Retail Trust. The proposal will be effected through a pro-rata distribution of units in the new trust to Westfield Group securityholders equating to a capital distribution of $7.3 billion.