WDC Westfieldg Stapled

Westfield Group (WDC.AU) is planning to invest a further GBP3 billion (US$4.72 billion) in Britain in the next few years as part of a strategy to expand its footprint in upmarket shopping centers in the country, The Australian newspaper reported Monday.

The newspaper said the company's co-chief executive Steven Lowy said in an interview Westfield would continue with its strategy of selling lower-quality assets to focus on more upmarket projects.

 
Newspaper website: http://www.theaustralian.news.com.au 
 

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