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Business Services Industry
Westfield alters course on capital.
Australasian Business Intelligence, November, 2006
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Byline: Robert Harley
Nov 14, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The large Australian shopping centre group, Westfield, is looking to raise capital. The joint managing director, Peter Lowy, said that Westfield has abandoned a plan to create a $A2 billion wholesale fund. Lowy said that the group will instead consider other options, including asset sales, to fund the large amount of work in the pipeline. Analysts noted that Westfield is going very well, delivering solid profits. Lowy is concerned that ...
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