Westfield
(ASX:WFD) has recorded specialty retail sales growth of 2.2 per cent in its third quarter update.
The retail giant recorded $32.2 billion worth of assets under management, encompassing both flagship and regional assets.
The company has $3.8 billion in current projects with an estimated yield range of 7 to 8 per cent including Century City in Los Angeles and Westfield London.
Westfield is undertaking pre-development work in future retail projects worth $6 billion in Milan, London and Los Angeles.
It is also undertaking future residential development opportunities in San Diego and London in the coming year.
Shares in Westfield
(ASX:WFD) are trading 1.39 per cent higher to $8.03.
