(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)
SYDNEY, AUSTRALIA-The Westfield Group currently has 21 projectsunder construction at a total cost of nearly $6.1 billion,according to the company's half-year financial report. Among theprojects the company is working on in the US are the $460-millionDowntown San Francisco Centre development with Forest CityEnterprises, and renovations of Southern California malls in LosAngeles, at $170 million and Canoga Park, at $350 million.
The company announced during the period, which ended June 30,that it is buying 16 Federated Department Stores and 12 of itsmalls that could lead toward 18 projects costing a total of $2billion. Westfield is also undertaking redevelopments in its homecountry an A$200 million, in Chermside and an A$205-million projectin Liverpool.
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