Westfield plays hardball

By Campbell McIlroy

Friday 19th October 2001

WARNING: Steven Lowy

Westfield managing director Steven Lowy has sounded a warning to competitors, saying the company would not shy away from resource consent objections to protect its interests.

Mr Lowy said the company had an obligation to protect its tenants and the interests of its shareholders by ensuring competitors played within the rules.

The rare visit by a member of Australia's richest family offered an interesting insight into what is possibly the world's most successful shopping centre business.

Mr Lowy admitted the company was no stranger to controversy but said Westfield was committed to expanding the business.

Westfield's expansion has seen it embroiled in a "very hostile" takeover attempt of US mall operator Rodamco North America, to say nothing of its plans in New Zealand.

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