Westfield Set to Win Battle for Control Over London Olympic Site

Evening Standard - London › June 09, 2006

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Summary

THE bitter battle for London's Pounds 4 billion Olympic City is set to conclude tonight with Australian shopping malls developer Westfield expected to emerge as victor.

Westfield, which owns a 25% stake in the development rights for the 180-acre Stratford site, has proposed a deal to buy out a 50% stake held by billionaire brothers David and Simon Reuben for about Pounds 110 million.

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Westfield Set to Win Battle for Control Over London Olympic Site

At the same time, the deal envisages UK develop...

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