Westfield Corporation has posted a lift in its average speciality store rent amid a "strong" operating performance in the third quarter.
The result came as the group announced its $US1.6 billion worth of redevelopments begun so far in 2015 would grow to $US2.5bn by year end, with the expansion at Westfield London expected to commence in the fourth quarter.
The commercial property giant posted a 2.9 per cent lift in average speciality store rent, on a year-on-year basis.
Westfield's occupancy rate ticked up, increasing 0.9 per cent to a "high" 95.7 per cent of its portfolio, according to the company.
Annual specialty retail sales rose 6.7 per cent for the quarter, to bring the measure to 7.1 per cent for the 12 months to the end of September.
The company said it had made "significant progress" on the $US11.4bn development program, with completion of the $US250 million development at The Village at Topanga in the US and the £260m third-party development project at Bradford in the UK.
The $US1.4bn Westfield World Trade Center was now fully leased, it said.
At 2.02pm (AEDT), Westfield shares were down 2.13 per cent to $9.66 against a benchmark lift of 0.1 per cent.