The Westfield Group, the current owners of the mall, and GIC Real Estate will form a joint venture in which both will be equal partners. The valuation of Westfield Paramatta at A$1.4 billion is based on the book value as on December 31, 2006. The Westfield Group will continue to operate and maintain the property.
Westfield Parramatta is a five storey shopping mall in a suburb of western Sydney with an area of approximately 140,000 square metres. Its tenants include David Jones, Myer,...
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