Simon Garing at Bank of America Merrill Lynch recently said any deal would have minimum earnings impact on Westfield.
An extra 16,000 square metres of specialty shops will be added,[url=http://www.hollisteruksalemall.co.uk]hollister sale[/url], with new parking access off Talavera Road,[url=http://www.hollistercofrance9s.com]hollister[/url], a new supermarket, and an upgraded food court. It will be one of the largest redevelopments of a suburban mall in the past five years after Westfield's Miranda and Bondi Junction projects.
But last month it was said a deal to undo the joint venture, covering about six assets, was imminent.
It is owned by AMP and Westfield under a joint venture, but there are suggestions the deal will be dissolved and AMP emerge as full owner.
It is expected the centre will also focus on entertainment, which is a key attraction for visitors in that part of Sydney, which includes the nearby Macquarie University.
 
The reimagined Macquarie Centre. Photo: Supplied
 Advertisement 
 
Under the arrangements, Westfield and AMP co-manage 10 shopping centres worth $9.2 billion.
That would leave AMP to take full ownership of the Macquarie Centre, Pacific Fair on the Gold Coast and Booragoon,[url=http://www.hollistercsdeutschland.com]hollister[/url], Perth.
 
The first stage will be opened in about mid 2014 and will include a new David Jones store of about 14,000 square metres over two levels.
 
''While Westfield Retail Trust's [which also owns a half share in some of the centres with Westfield] role remains unclear,[url=http://www.hollisterboutique6s.fr]hollister[/url], we expect it would participate equally with Westfield in any deal. In total,[url=http://www.hollistercomagasin9s.com]hollister[/url], such a transaction would require a net $600 million payment to AMP,[url=http://www.hollistermilano9s.com]hollister[/url],'' Mr Garing said,[url=http://www.hollisteruksalemall.co.uk]hollister[/url].
 
 
THE long-awaited $400 million upgrade of the Macquarie Centre shopping mall in North Ryde is slated to start in late November,[url=http://www.burberryoutletmilano9s.com]burberry outlet[/url], and the mall's ownership structure is likely to be resolved.
 
 
In a letter to Macquarie Centre tenants yesterday, the centre's manager, Robert Caruana, said the project would be staged from about November 24,[url=http://www.hollistermilano9s.com]hollister milano[/url], to minimise disruption to shoppers.
 
 
Westfield's management has previously said it would only keep centres that provide development potential. Some assets in the joint venture, such as Warringah Mall in Sydney,[url=http://www.burberryoutletmilano9s.com]burberry borse[/url], Knox City in Melbourne and Mount Gravatt, Brisbane, will appeal to Westfield.
Related articles:
 
  
   [url=http://www.wfls.cn/review.asp?NewsID=906]Boards must accept blame on debt row[/url]
  
   [url=http://www.designerlove.com/kretteam60p0/blog/hollister-market-dips-again-as-investors-take-profits/]hollister Market dips again as investors take profits[/url]
  
   [url=http://www.df-darkfiredesigns.com/e107_plugins/forum/forum_viewtopic.php?224156.post]hollister Harvey Norman franchisees face heavy fines[/url]