Westfield London sales reach £870m
Published: 17 February, 2011
Westfield's flagship UK mall tops worldwide portfolio
Westfield London, in its second year of operation, saw total sales up 24.7 per cent to £870m in 2010. Like-for-like sales were up 18.8 per cent.
“We are extremely pleased with the performance of Westfield London and its strong growth year on year since opening just over two years ago. Demand for space continues to be strong and we are now planning,” said WDC managing director, Steven Lowy.
And the strong performance of Westfield London led the UK to pole position in the worldwide Westfield portfolio. Net property income, in local currency terms, was up 4.1 per cent in Australia and New Zealand, down 1.1 per cent in the United States and up 13.2 per cent in the United Kingdom.
The portfolio at 31 December 2010 was 97.7 per cent leased, with the United States portfolio at 94.1 per cent leased; and the Australian / New Zealand and United Kingdom portfolios at, or over, 99.5 per cent leased.
