Westfield Group is an internally managed, vertically integrated shopping centre group in the Australia. It undertakes ownership, development, design, construction, funds and asset management, property management, leasing and marketing activities. The company operates through the following segments: Property Investment and Property and Project Management. The Property investments segment includes existing shopping centers and completed developments, revaluation of existing centers. The Property and Project Management segment includes primarily property management and development. It also has a global program to redevelop its shopping centers and to develop new shopping centers. The company's business roots back to 1960. Westfield Group was founded by Frank P. Lowy and Vale John Saunders in July 2004 and is headquartered in Sydney, Australia.