Westfield revalues downward retail centers in New Zealand

07/12/2010 | Stuff (New Zealand)

Westfield has had to write down the value of almost all of its shopping mall properties in New Zealand. The only retail center out of the 12 in the country that was not revalued downward was Riccarton, in Christchurch. The retail operator has also revalued properties in Australia, the U.S. and the U.K.

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