Mall Brawl Looms in Australia as Shops Pay Triple the Gap’s Rent

Mall Brawl Looms in Australia as Shops Pay Triple the Gap’s Rent

Ian Waldie/Bloomberg

Leasing spreads at Westfield were down 1.5 percent in the first quarter, co-chief executive officer Steven Lowy said at a media briefing in Sydney on May 16, the first decline in at least five years.