Sydney: Australian shopping centre giant Westfield Corp. on Wednesday posted a $582 million (Dh2.1 billion) half-year net profit, driven by growth in income from its flagship American and British malls. The firm, with manages Westfield Group’s international interests after its Australian and New Zealand assets were spun off into a separate entity, said cash flow from operations after the split for the six months to December 31 was $391 million.
Westfield added that its $1.4 billion World Trade Center development in New York was “progressing well” and was more than 90 per cent leased. The centre is expected to open in stages from late 2015. Significant progress was also made on future developments worth $9.0 billion, including projects in London, Los Angeles and Milan.
