Westfield Group (ASX:WDC) has reached agreement with various government and Olympic agencies which will facilitate work to proceed on one of Britain's largest regeneration schemes. The agreements relate to the delivery of land, development rights and the provision of infrastructure, utilities and services to Stratford City and the Olympic facilities.
Westfield's plans for Stratford City were a key element of a briefing given to Prime Minister Gordon Brown yesterday by Mr Frank Lowy AC, Chairman of Westfield Group at No. 10 Downing Street.
Mr Lowy said: "The