Westfield is a listed Company from Australia.
They managed a lot of malls and have very strict compliance schedules for tennats. The costs imposed on Tenants are very high for their high standard.
Most Westfield malls are successfully run. They are now selling little malls (they no longer want to own them) to private investors. Take, for example, Takapuna's mall used to be Westfield owned and is now known as Shore City and is owned by Overseas Singapore Investors.
Botany mall is not Westfield owned, you can see the advertisement signs all over the place, funny renovation, and there is a potential that the mall will become a rundown place once anchor tenants leave.
If you look at America, 30% of malls are now empty and are crime-ridden areas, Amazon and Alibaba have sucked off 40% of the sales, so in future, only some malls will be successful and other run-down malls will be ghost malls.
Westfield philosophy in running their malls is to rent so that they can control the tenants and kick out unwanted and trouble makers for the overall benefits of all tenants.
