AusBN – Westfield Corporation (ASX: WDC) has announced plans to list in the US or UK early next year.
The move follows the company’s controversial A$70 billion spilt of its international and domestic units last year.
Following the spilt Westfield holds around 40 malls in the US and UK while the spin-off company Scentre Group holds Australasian assets.
The company has also hinted at moving its Sydney head offices overseas and the new location will depend on where it decides to list.
Chairman Frank Lowy said: “We have made it clear at the time of the restructure that we are intending to get listing elsewhere and the details have not been fully worked out, it’s a very complex issue.
“There will be no solution, until there is listing, as to where head office and administration will be.”