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Westfield (ASX:WFD) Other Liabilities for Banks


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What is Westfield Other Liabilities for Banks?

Other Liabilities (Bank) only applies to banks.


Westfield (ASX:WFD) Business Description

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Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.