Colliers sells $255m of Westfield assets

Colliers has brokered a total of $255 million worth of properties on behalf of Westfield in recent months.

The most recent  was the $81.7 million sale of the Westfield Pakuranga mall in Auckland’s eastern suburbs.

It follows the sale of Shore City in Takapuna to Aviva Investors Asia Pacific Property Fund for $83.5m in June, and the Downtown Shopping Centre which was sold for $90m to Precinct Properties in September.

Westfield first entered into the New Zealand market in 1997 after purchasing the St Lukes Group portfolio.  

Before its most recent sales, Westfield had an interest in 10 shopping centres valued at around $2.6 bilion with more than 1400 retail outlets over 377,000m2.

The company is committed to developing its Newmarket, Auckland property.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6890 0.0001 0.01%
AUD 0.9211 -0.0012 -0.13%
EUR 0.6038 0.0047 0.78%
GBP 0.4753 0.0006 0.13%
HKD 5.3472 0.0010 0.02%
JPY 73.8990 0.2650 0.36%

Commods

Commodity Price Change Time
Gold Index 1277.5 -0.830 2016-05-05T00:
Oil Brent 45.5 0.390 2016-05-05T00:
Oil Nymex 44.9 0.490 2016-05-05T00:
Silver Index 17.3 0.030 2016-05-05T00:

Indices

Symbol Open High Last %
NZX 50 6876.5 6876.5 6876.5 -0.28%
NASDAQ 4742.4 4744.6 4725.6 -0.18%
DAX 9849.7 9921.4 9828.2 0.24%
DJI 17664.5 17736.1 17651.3 0.05%
FTSE 6112.0 6152.6 6112.0 0.09%
HKSE 20363.9 20534.8 20525.8 -0.37%
NI225 16357.1 16357.1 16666.0 -3.11%