Westfield’s Share Price Grows Alongside its London Expansion

Westfield share price

Last month, Westfield London launched the first phase of its million-dollar expansion, which was well ahead of schedule.

The expansion will open a total of 90 new shops, as well as cafés, restaurants and many other leisure outlets.

Westfield, whose share price grew 1.49% this morning, will feature the largest shopping centre in Europe once the expansions are complete.

How the shopping complex benefits Westfield in the long run

The opening will develop Westfield’s homewares offer with West Elm, Bo Concept, DFS and Raft.

Westfields expansion will feature much more than just a whole lot of new store openings.

A new fitness concept will open alongside the expansion and is set to become the UK’s largest cycling offering.

Westfield Square, which is a dedicated outdoor events space, will also be opening when the expansion has been concluded. It will be featured as one of the primary focal points of the shopping centre’s expansion.

Westfield reported that Peter Miller of Westfield Europe stated:

Westfield London has welcomed nearly 250m* visitors and generated a 21% rise in footfall over that time. It has also generated over £8.6bn* in sales since opening and has introduced a number of UK centre firsts including the first luxury precinct, new hotel concierge services, an expanded dining offer as well as hosting major international events and film premieres. It is now time to build on that success with the opening of the expansion.

The expansion will also feature a delivery of homes from Westfield London.

A total of 1,500 new and affordable homes which will be completed sometime in 2018.

Westfield will also deliver a vast amount of office space, including Westfield’s new European headquarters.

The expansion will be supported by their new marketing advertisement, ‘Meet the New Neighbours’, which will feature a set of celebrities to help promote the development.

Regards,

Ryan Clarkson-Ledward,
For Money Morning

PS: If you manage your own money or simply want to learn the most effective strategies to both grow and protect your wealth, Kris Sayce has written a free report titled, ‘The Three Best Investments in Australia for 2018 and Beyond’.

Ryan Clarkson-Ledward

Ryan Clarkson-Ledward

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

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