Gulfstream G500 at Mascot not David Simon's! And Westfield not on his shopping list

Gulfstream G500 at Mascot not David Simon's! And Westfield not on his shopping list
Jonathan ChancellorDecember 7, 2020

Simon Property Group chairman David Simon appears to have ruled out any tilt at Westfield Corporation.

David Simon took the opportunity at the Barclays Global Financial Services Conference in New York on Tuesday.

He ruled out any Australian investment several times.

“There is no deal, and the press has upgraded my plane,” he said in reference to reports about a Gulfstream G500 seen at Mascot.

The Australian Financial Review property editor Robert Harley has noted those comments do not exclude a tilt at Westfield Corporation, which controls flagship malls and development opportunities in the United States, Britain and Europe.

"Many analysts saw the restructure as a first step in a long-term succession plan by the Lowy family to exit its high-profile role in both the listed trusts, now Scentre Group in Australia and Westfield Corporation," Harley wrote adding Simon was a logical buyer for Westfield Corporation. 

Harley senses the Lowy family are not thinking about an exit at the moment.

Simon's comments also seem to scotch other speculation that Simon Property Group could pursue the $6.4 billion CFS Retail in a deal which could involve the Melbourne billionaire John Gandel.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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