// Westfield reports 5.2% increase in total tenant sales for Q3
// Footfall went up 3.9% for the quarter for both Westfield London and Stratford
// Parent company Unibail-Radamco-Westfield also booked an increase in sales & footfall across mainland Europe and the US
Westfield has recorded an increase in UK tenant sales and footfall during its third quarter, as its parent company Unibail-Radamco-Westfield enjoyed growth across all its locations.
For the three month period ending September 30, tenant sales increased by 5.2 per cent while footfall went up by 3.9 per cent across Westfield London and Westfield Stratford.
Unibail-Radamco-Westfield also enjoyed a 5.2 per cent increase in tenant sales across its continental European shopping centres, while footfall grew 3.1 per cent.
- Unibail-Rodamco-Westfield hires Scott Parsons as MD for UK & Italy
- Westfield expands to mainland Europe via shopping centre rebrands
- £1.4bn Westfield Croydon development will be “too little too late”
Meanwhile, Unibail-Radamco-Westfield’s US speciality sales per sq ft grew by 12.5 per cent for the third quarter period.
On the other hand, rental income for Unibail-Rodamco-Westfield’s shopping centre division surged 27.5 per cent to €2.03 billion (£1.75 billion) for the first nine months of 2019.
The proportionate turnover for the same period amounted to €2.72 billion (£2.31 billion), up by 26.1 per cent year-on-year, which the shopping centre giant said was mainly due to the acquisition of Westfield Corporation.
Unibail-Rodamco-Westfield’s property service arm reported a 9.3 per cent increase to €134.4 million (£115.96 millon).