Westfield's $70 billion restructure proposal has been narrowly passed, with more than 76 per cent of all votes in Westfield Retail Trust backing the deal.
Shares in both Westfield Group and Westfield Retail Trust emerged from separate trading halts stronger in early afternoon trade following the vote.
At 1255pm (AEST) Westfield Group shares were 0.93 per cent higher at $10.91, against a benchmark index decline of 0.45 per cent.
Westfield Retail Trust shares rose 0.62 per cent to $3.23.
Some 76.09 per cent all WRT votes were in favour of the restructure, following a floor vote at a shareholder meeting this morning.
Earlier, the company said 75.32 per cent of proxy votes cast were in support of the restructure.
Proxy votes cast represented approximately 81 per cent of the company's register, chairman Dick Warburton told shareholders attending this morning's new meeting.
At a previous meeting, the proxy votes fell short of the key 75 per cent threshold, with the company delaying a floor vote as it seemed the deal would not be passed.
Addressing this morning's meeting, Mr Warburton said more shareholders have cast proxy votes ahead of the meeting.
Following the earlier suspension of a meeting when it seemed the deal would not pass, Mr Warburton said the number of proxy votes has increased by 98 million, which is an extra 3 per cent of securities on issue.
"We are pleased to see that the participation rate for the resumed meetings has increased by 30 per cent to approximately 12,000 securityholders," Mr Warburton said.
"I would like to be very clear that despite what you may have heard in the media, since the adjournment no retail proxy solicitation campaign has been conducted by WRT or any other party on behalf of WRT," he said.
Westfield Group shareholders have already approved the deal, which would see its Australian assets merged with WRT to create a new company called Scentre Group.