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Mall Rats Keener to Hang Out in URW

With the deleveraging plans out in the marketplace, analysts think there is more value in the European/North American angle when it comes to the Westfield story, with consensus target prices for Unibail-Rodamco-Westfield on the ASX showing far greater expected upside than for the Scentre Group’s Australian-New Zealand exposure.   So much so that there have reportedly been calls from property fund managers for Scentre to consider privatising the under-performing local Westfield shopping empire, with the shares trading at a 40% discount to what the centres are worth.

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