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WESTFIELD UK PORTFOLIO - 2009

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Westfield Shopping Centres UK Portfolio (Nov 08 version)

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Page 1: WESTFIELD UK PORTFOLIO - 2009
Page 2: WESTFIELD UK PORTFOLIO - 2009
Page 3: WESTFIELD UK PORTFOLIO - 2009

3

About Westfield 4

Landmark Destinations 6

World-Class Retail Concepts 8

TheWestfield Lifestyle Experience 10

Exceptional Customer Environments 12

Regeneration & Sustainability 14

Westfield UK 16

Belfast 18

Bradford 20

Derby 22

Guildford 26

London 28

Merry Hill 32

Nottingham 34

Sprucefield 36

Stratford City 38

TunbridgeWells 42

Contents

Page 4: WESTFIELD UK PORTFOLIO - 2009

Operating on a global platform, Westfield

specialises in the management, leasing,

development, design, construction and funding

of shopping centres.

Westfield has approximately £26 billion of

assets under management in a portfolio of

119 shopping centres across the United States,

the United Kingdom, Australia and New Zealand

with 23,000 retailers and approximately

10 million sq m of retail space.

Westfield is focused on providing world-class

retail design, supporting international, national

and local retailers in the development of new

store concepts, innovative food retailing

experiences and setting new standards in

customer service.

The group’s global portfolio includes some of the

World’s most exciting and well known retail and

lifestyle destinations including Westfield London,

Bondi Junction - Sydney, Century City - Los Angeles

and the San Francisco Centre.

4

aboutWestfield

Page 5: WESTFIELD UK PORTFOLIO - 2009

5

LONDON, UK

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6

STRATFORD CITY, UKBONDI JUNCTION, AUSTRALIA SAN FRANCISCO, USA

LONDON, UK

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7

Westfield has comprehensive experience in

designing and developing projects in some of the

World’s most dynamic cities, whilst addressing the

sensitivities of local and national stakeholders.

The San Francisco Centre in the United States is a

famous destination in the heart of the city, the

careful restoration of the building’s historic dome

structure has returned to the area a landmark that

now houses the best retailers as well as innovative

dining and leisure facilities.

Westfield’s internal design teams share

international best practice and work with World

renowned architects to develop new retail

concepts, mixed-use schemes and landscaping

that integrates the heritage and architecture of

the surrounding area.

Westfield uses quality, contemporary materials

and finishes to develop sustainable environments

that best showcase the retail and lifestyle offer.

landmarkdestinations

Page 8: WESTFIELD UK PORTFOLIO - 2009

8

BONDI JUNCTION, AUSTRALIA

LONDON, UK

BONDI JUNCTION, AUSTRALIA

Page 9: WESTFIELD UK PORTFOLIO - 2009

9

Westfield is passionate about creating

exceptional retail experiences. Harnessing its

global retail connections, Westfield develops new

and innovative retail concepts which keep it at

the forefront of emerging international trends.

Within the landmark 150,000 sq m Westfield

London development, Westfield has worked

with international luxury retailers and renowned

architect Michael Gabellini to create the Village.

With chandeliers and a sweeping spiral staircase,

it is the first quarter in a UK shopping centre to

embrace the "New Luxury" concept, a major

trend in the current international retail climate.

world-classretail conceptsWestfield creates malls with a dynamic mix of

fashion, home, lifestyle, food and leisure

experiences relevant to the catchment. The Retail

Design Teams work closely with international,

national and local tenants to enhance the shopper

experience and maximise each retailer’s trading

potential; introducing double-height glazing,

contemporary signage and high impact visual

merchandising to stand out against the backdrop

created by the clean and contemporary finishes

of the malls.

Page 10: WESTFIELD UK PORTFOLIO - 2009

10

DERBY, UK

LONDON, UK

LONDON, UK

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11

Westfield specialises in creating destinations which

redefine the shopping centre experience.

The provision of health spas, gyms, cinemas,

patisseries, cafés, restaurants and bars make for

exciting environments which become entertainment

and lifestyle destinations in their own right.

In the UK, Westfield Derby features a 12 -screen

Showcase Cinema de Lux, providing a state-of-the-art

entertainment experience with two exclusive

‘Director's Halls’ and a first class lounge and

restaurant.

TheWestfield dining experience is characterised by

individual food stations designedwith contemporary

lines and high quality, natural materials. ‘Food Theatre’

contributes vibrancy and excitement as customers

enjoy the spectacle of chefs serving freshly prepared

international and local cuisine in the world-class

Harbour Room at Bondi Junction, Sydney and the

The Balcony at Westfield London.

theWestfieldlifestyle

experience

Page 12: WESTFIELD UK PORTFOLIO - 2009

Westfield brings a wealth of experience from

nearly half a century of global shopping centre

management. Each on-site management team

is focused on offering exceptional customer

service, embracing community interaction and

providing a cutting-edge shopping environment.

Westfield enhances the customer experience

through the provision of concierge services, valet

parking, lounge seating, dedicated parent and

baby rooms, soft play areas, customer events

and shopping services. In addition, Westfield’s

dedicated marketing teams work closely with the

retailers to maximise sales and footfall through the

production of strategic and innovative marketing

campaigns and in-centre events.

exceptionalcustomer

environments

12

Page 13: WESTFIELD UK PORTFOLIO - 2009

SAN FRANCISCO, USA

DONCASTER, AUSTRALIA

13

Page 14: WESTFIELD UK PORTFOLIO - 2009

Westfield is dedicated to playing an active role in

supporting the communities in which it operates.

Westfield is focused on the long-term prosperity

of city centres, working in partnership with local

councils, regeneration agencies and architects

to develop the long-term vision and masterplan

for town centre development and city

regeneration programmes.

regeneration& sustainability

Every new project presents an opportunity to

improve the design and efficiency of our

shopping centres. Conservation of energy and

water, recycling and use of materials which have

a low-environmental impact are all high on the

Westfield agenda.

Westfield redesigned Westfield London to

improve its environmental performance.

Energy consumption has been reduced by some

20% through design initiatives, temperature control

and overall building management; lighting and

water heating to peripheral buildings is via photo

voltaic and solar panels, storm water flow is partly

retained and reused.

Setting new standards for large scale development,

some of the most far reaching environmentally

sustainable strategies have been produced to

guide the design, construction and operation of

Westfield’s Stratford City development.

Energy and carbon emission reduction is a priority

for Stratford City, where 75% of all power will be

provided through an on-site combined cooling

heat and power plant. The development will also

feature efficient building design, rainwater

harvesting and a consolidated waste

management centre - all helping to make

Westfield Stratford City one of the UK’s most

environmentally-efficient retail centres.

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Page 16: WESTFIELD UK PORTFOLIO - 2009

Westfield UK16

Page 17: WESTFIELD UK PORTFOLIO - 2009

Westfield has been operating in the

UK for eight years, having acquired

its first shopping centre in 2000.

Westfield’s portfolio represents one of

the most outstanding shopping centre

portfolios in the UK both in terms of

existing centres, current developments

and future projects.

The UK Portfolio includes 8 centres

and 2 urban regeneration projects -

Stratford City and Bradford.

The UK's most exciting retail and

leisure destination Westfield London

opened its doors on 30 October 2008.

Construction is now well advanced on

the 175,000 sq m Westfield Stratford City

development adjacent to London's

2012 Olympic and Paralympic Park.

Development projects including

Guildford, Nottingham and

Sprucefield - Northern Ireland,

are all imminent.

LONDON

17

STRATFORD CITY

DERBY

Page 18: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

CastleCourt is the premier shopping destinationin Northern Ireland, attracting 16 millioncustomers a year. With sales densities rankingin the top 10% in the country, new retailersare choosing CastleCourt as their gatewayinto the Northern Ireland market.

Anchored by Debenhams, the two-level 31,121 sq m centreprovides an exciting mix of over 80 fashion and lifestyle brandsincluding Gap, Muse, Dune, Dorothy Perkins, Quiksilver,Principles, Zavvi, Warehouse and Vero Moda.

The food offering is vibrant and eclectic, including Ben & Jerry’s,Yangtze Noodle Bar, Auntie Anne’s Pretzel and the internationallyrenowned Café Paul Rankin.

CastleCourt also has excellent customer facilities includingcontemporary lounge seating, digital touch-screen informationpoints, dedicated parent and baby rooms, a new children’splay area and 1,600 car parking spaces.

18

Westfield Belfast

MAIN ENTRANCE ROYAL AVENUE

CASTLECOURT FOOD COURT

Page 19: WESTFIELD UK PORTFOLIO - 2009

Catchment

Over 6.8 million* people visited Belfastin 2006, spending £324.1m in the city.CastleCourt serves a total trade area of910,000 people and forms an integralpart of Belfast’s prime city retail core ofRoyal Avenue and Donegall Place.Over 50% of the trade area come fromthe most affluent ACORN categorieswith Wealthy Achievers making up 25%,Urban Prosperity 4% and ComfortablyOff 22%. 59% of the trade area is agedbelow 40.

*Belfast City Council, 2006 tourist facts and figures.

Location &Accessibility

CastleCourt is located in the heart ofBelfast’s retail district and benefits fromexcellent public transport links.The frequent city centre bus service stopsdirectly outside CastleCourt and the railand regional bus interchange is within a10 minute walk. The centre is easilyreached from the city’s inner ring roadwhich provides direct access from outlyingareas. As an increasing business andtourist destination, Belfast also benefitsfrom two airports; Belfast InternationalAirport just 30 km away, and George BestAirport, only 10 minutes drive from thecity centre.

MAGHERA BALLYMENA

MAGHERAFELT RANDALSTOWN

ANTRIM

COOKSTOWN

COALISLAND

PORTADOWN

TANDRAGEEARMAGH

NEWRY

BANBRIDGE

CRAIGAVONLURGAN

MOIRA

HOLYWOOD

LISBURN

DUNMURRY

GREENISLAND

WHITEHEADBALLYCLARE

LARNE

CARRICKFERGUS

DROMORE

NEWCASTLE

DOWNPATRICK

BALLYNAHINCH

COMBER

CARRYDUFF

NEWTOWNARDS

BANGORDONAGHADEE

NEWTOWNABBEY

BELFAST

19

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 20: WESTFIELD UK PORTFOLIO - 2009

Development Overview

Westfield Bradford is a £320m, retail-ledmixed-use regeneration scheme that willcreate a new economic and lifestyle hub inthe heart of the city.

Opening in 2010, the 54,600 sq m centre will establish astunning new retail environment to meet the modern-dayneeds of Bradford. Trading over two principal levels, WestfieldBradford will provide over 100 stores and will be anchored bya 10,900 sq m Debenhams department store and a 8,000 sq mMarks & Spencer store. Retailers such as Next, River Islandand the Arcadia group (Topshop/Topman, Burton, DorothyPerkins, Miss Selfridge, Wallis and Evans) have alreadysecured significant space in the centre. The developmentwill also include a striking 800 seat café-style food court and1,800 car parking spaces.

Bradford was recently named as one of the top six cities in theUK for potential economic growth. Westfield Bradford answersthe strong demand for high-quality retail space in the area.

20

Westfield Bradford

DOUBLE HEIGHT FASHION ARCADE

MALL VIEW TOWARDS DEBENHAMS

Page 21: WESTFIELD UK PORTFOLIO - 2009

CatchmentBradford benefits from a sizeablecatchment area with ongoing plannedinvestment. The development willserve a total catchment population of785,000 people and draw from theaffluent and densely populated areas ofKeighley, Shipley and Ilkley where 57%of the population is aged below 40.Bradford was recently named as one ofthe top six cities in the UK for potentialeconomic growth and will benefit fromover £2 billion of investment over thenext 10 years.

Location &Accessibility

The project is conveniently located in theheart of the city centre, well served by theM606, M62, M1, A1 andM6motorways.

The city centre has already benefitedfrom the ‘Connecting the City’ initiative,a £22 million programme of infrastructureimprovements to prepare the city forits transformation.

The city’s two central railway stationsprovide access to a wide range of localand national services, including directtrains to London. Furthermore, LeedsBradford International Airport is locatedjust 14 km from the city centre.

ILKLEY

KEIGHLEY

HALIFAX

HUDDERSFIELD

WAKEFIELD

LEEDS

SHIPLEY

BRADFORD

21

TERTIARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 22: WESTFIELD UK PORTFOLIO - 2009

Development Overview

Opened in October 2007, the £340 millionWestfield Derby development created adynamic mix of fashion, food and leisure inthe heart of the city and catapulted Derby'sCACI ranking by 15 places, making it aprincipal retail and leisure destination inthe East Midlands.

The 105,770 sq m centre opened 6 months ahead of scheduleand attracted more than 25 million people in its first year.Westfield Derby introduced more than 100 new retailers to thecity and provides a vibrant mix of local and national lifestyle

brands. Leading retailers such as All Saints, Topshop, G StarRaw, Zara, Jones The Bootmaker, Bershka, Next, Monsoon,New Look, River Island, and H&M can all be found in the centre.This line up complements already established retailersSainsbury's and Boots.

Eat Central, the spectacular 800 seat dining space bringstogether international and local cuisines, food theatre andbreathtaking design. Adjacent to Eat Central, a £20 million12-screen Cinema de Lux opened in May 2008, providing afirst-class customer entertainment experience.

22

Westfield Derby

DEBENHAMS MALL

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EAT CENTRAL

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Westfield Derby

CORNER OF LONDON ROAD & TRAFFIC STREET - JULY 2008

CINEMA DE LUX ENTRANCE

Westfield is working closely with the City Council andMarketing Derby to promote the long term vision for Derby.As part of the redevelopment project, Westfield has contributed£4 million towards new park and ride facilities, additionalcar parking, new bus lanes and the regeneration of thecity’s cathedral sector. The development also incorporated£4.3 million of highway improvements.

Westfield Derby has acted as the catalyst to the £2 billionregeneration of the city centre, attracting substantial newinvestment into the city. In partnership with workstation,a Derby City Council initiative, Westfield is ensuring that thearea’s long term unemployed will have the relevant skillsnecessary to take up jobs created by the redevelopmentand future regeneration projects.

Page 25: WESTFIELD UK PORTFOLIO - 2009

Catchment

The centre serves an estimated total tradearea of 575,000 drawing from the widerDerbyshire area. Over 67% of the tradearea come from themost affluent ACORNcategories withWealthy Achieversmakingup 32%, and Comfortably Off 35%.Derby is one of the most dynamicgrowth areas in the East Midlands, withemployment levels rapidly increasing,a solid manufacturing base and majorbusinesses including Toyota, Rolls Royceand Egg based in the area.

Location &Accessibility

Westfield Derby is conveniently locatedadjacent to the city’s ring road and withinclose proximity to the city’s bus and railwaystations. A comprehensive programmeof highway works and infrastructureimprovements have enhanced public andprivate transport accessibility. The 3,700car parking spaces feed directly into thenew centre makingWestfield Derby thecity’s main parking destination.

SHEFFIELD

BUXTONCHESTERFIELD

MANSFIELDMATLOCK

ALFERTON

NOTTINGHAM

BELPER

DERBY

ASHBOURNESTOKE-ON-TRENT

UTTOXETER

BURTON UPON TRENT

LOUGHBOROUGH

ASHBY-DE-LAZOUCH

TAMWORTH LEICESTER

25

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 26: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

The Friary Shopping Centre located at theheart of Guildford is a 14,000 sq m three-levelretail destination with dedicated Food Court.The centre boasts over 60 retailers includingBhs, Topshop, Dorothy Perkins, HMV, DisneyStore, Accessorize and Oasis.

Development Overview

Traditional open streets and a covered arcade form the basisfor the £200 million retail-led mixed-use expansion andreconfiguration of the existing centre, which will perpetuate thestyle and character of Guildford town centre. The 27,000 sq mdevelopment will introduce 60 new shops, cafés, restaurantsand a new multi-level mini-anchor retailer. A landscaped publicsquare will provide an elegant focal point for the scheme wherepeople will enjoy art exhibitions, live entertainment, boutiqueshopping and al fresco dining. The residential element of themixed-use scheme will create 170 apartments arranged aroundcarefully landscaped roof gardens, 30% of which will beaffordable housing, available to local communities and addingvibrancy to the town centre.

The open streetscape will enhance pedestrian access to thetrain station, town centre car parks and the newly constructedbus terminal. Westfield will also provide community spaces and

26

Westfield Guildford

FASHION MALL VIEW TO PUBLIC SQUARE

PUBLIC SQUARE

further contributions will be made towards initiatives such as;environmental improvements to the town centre, open spaceinfrastructure and Park and Ride.

The development will play a key role in Guildford’s future economy,creating jobs and attracting new retailers to the town.

Page 27: WESTFIELD UK PORTFOLIO - 2009

Catchment

Guildford is one of themost affluent townsin the South East and is regarded as theprincipal market town for the county anda prominent tourist destination with annualvisitor figures in excess of 2.5 million.

The existing centre serves a total tradearea of 1.068 million people and boastsover 9 million customer visits per annum.There is a very affluent trade area withover 87% coming from the most affluentACORN categories with WealthyAchievers making up 38%, UrbanProsperity 21% and Comfortably Off 29%.

Location &AccessibilityGuildford is located in the heart of Surrey,less than 50 km from London. The centrebenefits from excellent transport links withtwo rail stations within close proximityand direct road links from Leatherhead,Horsham,Woking and theM25 via the A3.

WOKING

GODALMINGFARNHAM

ALDERSHOT

FLEET

CROWTHORNE

HOOK

YATELEY

BRACKNELL ASCOT

WEST BYFLEET COBHAM

FETCHAM

ESHERCHERTSEY

SHEPPERTON

FARNBOROUGH

FRIMLEY

CAMBERLEYSANDHURST

WOKINGHAM

ALTON

HASLEMERE

BORDON

PETERSFIELD

PULBOROUGH

BILLINGSHURST

HORSHAM

DORKING

LEATHERHEAD

CRANLEIGH

GUILDFORD

UPPER HALE

27

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 28: WESTFIELD UK PORTFOLIO - 2009

Development Overview

Beneath a spectacular, iconic, undulating glassroof, Westfield London is set to change theface of shopping in the capital with a uniqueretail, dining and leisure experience just threemiles from the heart of the city.

As the largest urban mall in Europe, Westfield Londonencompasses five anchor stores, more than 280 specialityshops and 47 places to eat. A 14-screen cinema and leisurefacilities are set to follow in the second half of 2009.

The 150,000 sq m retail centre opened on 30th October 2008and incorporates The Atrium, an incredible new space capableof hosting a wide range of London's biggest and mostspectacular events.

Designed by acclaimed architect Michael Gabellini, The Villageis dedicated to international and British luxury and designerbrands, offering an exceptional retail experience for London'smost discerning shoppers.

A wide range of innovative dining experiences are on offer;family orientated dining can be found in The Loft whilst SouthernTerrace and The Balcony offer a breadth of internationalcuisines from some of London’s leading restaurateurs, manyof whom are offering their concepts in this environment forthe first time.

An emphasis on service permeates the centre, with extensiveconcierge staff and services such as valet parking, hands freeshopping and home delivery.

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Westfield London

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Westfield London

The White City Opportunity Area is one of the most excitingregeneration areas in London with the potential to deliver hugebenefits for the W12 area and beyond. Over 7,000 jobs havebeen created through the development, many for peoplefrom local boroughs.

Westfield London will act as a catalyst for the redevelopmentand regeneration of this part of West London, and as thecornerstone for future investment which is anticipated to be inexcess of £1 billion over the next ten years.

Key to the regeneration of the area is the £170 millioninvestment from Westfield to provide extensive improvementsto public transport and major highways as part of thedevelopment. In addition, a new library will be fitted out byWestfield for Hammersmith and Fulham Council to open inthe middle of 2009. Significant investment is also beingmade in the streetscape and landscape design of Wood Lane,Ariel Way and Shepherd’s Bush Green.

Page 31: WESTFIELD UK PORTFOLIO - 2009

20KI

LOM

ETRE

S

HEMEL HEMPSTEAD

WATFORD

HIGH WYCOMBE

AYLESBURY

DUNSTABLELUTON STEVENAGE

HARLOW

LONDONSLOUGH

MAIDENHEAD

READINGWOODLEY

BRACKNELL

CAMBERLEY

GUILDFORD

CRAWLEY

ROYALTUNBRIDGEWELLS

CatchmentPositioned in one of the UK’s most affluentareas, Westfield London is surrounded byKensington, Holland Park, Notting Hill,Chiswick, Ealing and Hammersmith -encompassing 2.7 million people, withan estimated retail spend of £5 billion.

38% of the total catchment populationis profiled in the AB social category.These are typically young, wealthy,metropolitan shoppers with highdisposable incomes and busy social lives.20% earn salaries higher than the UKnational average. 47% are aged between16 and 44, fashion conscious, highlyresponsive to lifestyle and leisure offers,and enjoy international cuisine.

This new landmark will be an essentialdestination for the thousands of touriststhat visit London every year.

Location &AccessibilityWestfield London has unsurpassedtransport connections. It is just threemiles from Marble Arch, 20 minutes fromHeathrow and has direct links to the M4,A40, M1 and M25, with Bayswater Roadoffering a direct route from theWest End.

There are 4,500 parking spaces and anexclusive Valet Parking service for addedconvenience. The site is served by fourunderground stations - White City andShepherd’s Bush (Central Line), WoodLane and Shepherd’s Bush Market(Hammersmith and City Line).Refurbishment of the Shepherd’s Bushstation and construction of the newWood Lane station are part of theregeneration works by Westfield.Access to the development has beenfurther enhanced by the provision of anew bus station in the northwest cornerof the site. In addition, a major bus/railinterchange has been built in thesoutheast corner incorporating asecond bus station, the refurbishedShepherd’s Bush station and a newoverland rail station serving WillesdenJunction and beyond to the north withChelsea and Clapham to the south.

31

KEY TRANSPORT LINK AND ELEMENTS

SHEPHERD'S BUSH BUS STATION

CENTRAL LINEHAMMERSMITH & CITYAND WOOD LANE STATION

WEST LONDON TRAIN LINEAND SHEPHERD'S BUSH

ROADWAYS

THE THAMES

PARKS

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

QUATERNARY CATCHMENT

Page 32: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

Merry Hill is one of the UK’s most successfulshopping centres and is the focal point of a220 acre mixed-use complex in the heart ofthe West Midlands.

The 140,800 sq m shopping centre provides over 250 storesincluding Debenhams, Marks & Spencer, Sainsbury's, Primark,Superdry, Henleys, Lacoste, Austin Reed, Country Casuals,Henri Lloyd, Bhs, Next, H&M, TK Maxx, Asda and Topshop.The complex includes an Odeon cinema, external retail parkand 7,200 car parking spaces. Additionally, the Waterfrontprovides office accommodation and an exciting mix ofrestaurants and bars, creating a vibrant social destinationthroughout the day and into the night.

Development Overview

The Merry Hill masterplan has been developed and refinedin partnership with Dudley Metropolitan Borough Council.The development concept is based on the linkage of Merry Hill,the Waterfront and Brierley Hill High Street to create a newurban centre. The masterplan proposes comprehensiveimprovements to the public transport infrastructure, 1,300 newresidential units and the creation of significant office, leisureand public spaces.

32

WestfieldMerry Hill

Merry Hill is being transformed with improvements to the retailmix, the creation of more contemporary bulk heads, impressivefull height glazing shop fronts. Construction of a spectacularnew food court providing 1200 seats is also already under way.

Westfield is actively involved in the Brierley Hill RegenerationPartnership, working with the Dudley Metropolitan BoroughCouncil and The Brierley Hill Community Forum. The partnership,often referred to as an example of regeneration best practicehas a successful track record of delivering schemes that involvethe community in meeting local and national objectives.The regeneration of the Brierley Hill Waterfront has recentlywon the 2007 BURA award for waterway regeneration.

COMPUTER GENERATED IMAGE OF THE NEW MERRY HILL FOODCOURT

Page 33: WESTFIELD UK PORTFOLIO - 2009

Catchment

The centre serves a total trade areaof 1.6 million people including theaffluent counties of Worcestershire,South Staffordshire and Shropshire.Merry Hill receives over 23 millioncustomer visits per annum.

Location &Accessibility

Merry Hill and theWaterfront are situatedin the heart of the Black Country, just 16 kmwest of Birmingham. Sandwell and Dudleyrailway stations are within close proximityand receive Intercity train services fromLondon and Birmingham. The centre isalso adjacent to the A4036 and just 8 kmfrom the M5 motorway.

SHREWSBURY

TELFORD

NEWPORTSTAFFORD

CANNOCK

WOLVERHAMPTONWALSALL

TAMWORTH

SUTTONCOLDFIELD

WEST BROMWICHDUDLEY

STOURBRIDGEHALESOWEN

SOLIHULL

LICHFIELD

KIDDERMINSTER

BROMSGROVE

WORCESTER

REDDITCH

BIRMINGHAM

33

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 34: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

Nottingham is currently ranked among the topshopping destinations in the UK, being theprincipal city of the East Midlands region.

Anchored by a TK Maxx flagship store, Broadmarsh is furthercomplemented by other major retailers such as Bhs, Boots,Wilkinson, Argos, Dorothy Perkins and MK One. The centre alsoincludes 80 speciality shops and 10 food outlets.

34

Westfield Nottingham

Development Overview

Broadmarsh represents one of the largest retail projects in theUK and its redevelopment will create a brand new city quarter inNottingham. On completion, the £700 million redevelopment willtransform Broadmarsh into a 120,000 sq m premier shopping andleisure destination, complementing the fabric of Nottingham andthe heritage of the city.

External open spaces will allow visitors to enjoy views ofNottingham Castle whilst taking advantage of the centre’s threeprincipal shopping levels. Key components of the proposedscheme include two new department stores, an expansive1,200 seat food court and more than 220 new shops offeringa dynamic mix of local, national and international brands.

The development will feature parking for 3,000 cars as wellas a number of major improvements to the highway and thepublic transport network. A new state-of-the-art interchangeintegrating bus, tram and train services with parking andpassenger drop-off points will offer Broadmarsh visitorsunparalleled access.

Westfield will be investing in town centre improvementsincluding bus shelters and an electronic information system,CCTV, lighting and streetscape enhancements. In addition,Westfield will be contributing £1 million to the refurbishmentof Listergate and Old Market Square in the city centre.

CAFÉ-STYLE FOOD COURT

Page 35: WESTFIELD UK PORTFOLIO - 2009

Catchment

Nottingham is ranked sixth on theExperian Retail Vitality Index for the UK.Broadmarsh boasts a total trade area of1.4 million people and over 17 millioncustomer visits per year.

Location &Accessibility

Broadmarsh is the southern gateway toNottingham city centre and is easilyaccessible via Broadmarsh bus stationwhich provides services for 30,000commuters each year. The centre alsoboasts two car parks providing spacesfor 1,600 cars.

LINCOLN

NEWARK-ON-TRENT

NOTTINGHAMGRANTHAM

SHEFFIELD

CHESTERFIELD

ALFRETON

ASHBOURNE

MELTON MOWBRAYBURTON UPON TRENT

LEICESTER OAKHAM

LOUGHBOROUGH

MANSFIELD

35

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

QUATERNARY CATCHMENT

Page 36: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

The first phase of the 50 acre Sprucefieldretail park opened in late 2003, comprising21,000 sq m of retail space and householdbrands; Sainsbury’s, B&Q, Currys and Argos.

Development Overview

The proposed £150 million extension of Sprucefield will create astunning new shopping destination for the region, attracting newretailers to Northern Ireland and creating 2000 jobs to boost thelocal economy. The 50,000 sq m scheme will feature NorthernIreland’s first John Lewis department store, 19 retail stores,providing a vibrant mix of fashion, homeware and leisure.The development will also include a number of contemporarycafés and eateries that will enhance the shopping experience,roof and surface car parking providing 3,100 spaces with directaccess to the shops. The scheme will provide the area withgreater choice as the only purpose-built out of town regionalshopping centre in Northern Ireland. Westfield is keen tocommence construction on the development which is subjectto the granting of a new planning consent.

36

Westfield Sprucefield

Page 37: WESTFIELD UK PORTFOLIO - 2009

37

Catchment

Lisburn is the second largest district inNorthern Ireland with a population ofalmost 110,000. Sprucefield has thepotential to serve a broader regionalcatchment of 1.7 million people livingin Northern Ireland.

Location &Accessibility

Located near Lisburn in Northern Ireland,the site enjoys a strategic locationincorporating Marks & Spencer andother major retail brands. A motorwayjunction was built specifically to accessthe site, which also receives excellentroad and public transport links fromBelfast city centre.

LONDONDERRY

STRABANE

OMAGH

MONAGHAN

NEWRY

LISBURN

ARMAGH BANBRIDGE DOWNPATRICK

COLERAINE

BALLYCASTLE

BALLYMENALARNE

NEWTOWNABBEYBANGOR

BELFASTNEWTOWNARDS

ANTRIM

COOKSTOWN

DUNGANNON

CRAIGAVON

LOCHNEAGH

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PRIMARY CATCHMENT

KEY

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Development Overview

Stratford City is one of the largest retail-ledmixed-use urban regeneration projects everundertaken in the UK.

Located adjacent to East London’s Olympic Park and the newStratford International Station, this 180-acre scheme has thescale and significance to act as a catalyst for the regenerationof the Lower Lea Valley and entire Thames Gateway region.

At its heart is Westfield Stratford City - a 175,000 sq m retail andentertainment destination anchored by John Lewis, Waitroseand Marks & Spencer, and featuring a dynamic mix of over300 local, national and international fashion, home, food andlifestyle brands.

Combining a three-level shopping mall and open-air retailand entertainment, the scheme is set to transform EastLondon retailing. Westfield’s mixed-use city centre developmentalso features state-of-the-art offices, hotels and over 1,200residential apartments.

Also included in the 2005 Stratford City Masterplan is the 3,300home Athletes Village and significant post-Games development.When completed, Westfield Stratford City will sit alongsidemore than 5,400 residential units, 121,000 sq m of hotel spaceand a 465,000 sq m office district - all of which will benefitfrom unrivalled public transport infrastructure.

Construction of Westfield Stratford City is now well advancedand on-track for the opening of the centre in March 2011.The site will host up to 4,500 workers per day and, togetheradjacent Olympic Park developments, forms the largest andbusiest construction site in the UK.

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Westfield Stratford City

ILLUSTRATIVE VIEW FROM EXISTING TOWN CENTRE

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Westfield Stratford City

ILLUSTRATIVE VIEW OF STRATFORD CITY AND THE OLYMPIC PARK

CHESTNUT PLAZA

The Stratford City development has committed over £200 milliontowards improving community and transport infrastructure,services and facilities. These facilities are being developedwithin the local community primarily across the areas ofhealthcare, education and employment, and are designed tocreate a sustainable and self-sufficient community for the future.

When completed, Stratford City will support a community of14,000 residents with the creation of over 34,000 permanent jobs.£9 million has been allocated to business employment andtraining, including small business units and an EmploymentLearning Bureau which will provide a permanent base foremployment training, enterprise and jobs brokerage services.

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Location &Accessibility

Massive investment in East London'spublic transport networks in the lead upto 2012 are set to make Stratford City oneof the best connected places in the UK.

Westfield Stratford City will be served byStratford International Station (Eurostarand DLR, as well as Kent Fastlinkconnections to St Pancras and Kent),while a new ticket hall within the centrewill provide easy access to StratfordRegional Station for rail, DLR and LondonUnderground’s Central and Jubilee lines.The development is also served by twonew bus terminals and improved roadnetworks through East London linking theA12, A11 and A13 to theM25 andM11.

20KI

LOM

ETRE

S

ROMFORD

BEACONTREE HEATHILFORD

EAST HAMDAGENHAM-GORESBROOK

WALTHAMSTOW

STRATFORD

DALSTONCAMDEN

TOWN

BRENT CROSS

WOOD GREEN

WEST END

KNIGHTSBRIDGE

FULHAMGREENWICH

WANDSWORTH

STREATHAMTOOTING

WIMBLEDON

BRIXTON

PECKHAM

BROMLEY

ELTHAM

LEWISHAM

CROYDON ORPINGTON

ERITH

BEXLEY

WOOLWICH

DARTFORD

WEMBLEY

EDGWARE

ENFIELD

WALTHAMABBEY

BANK

BEXLEYHEATH

BARNET

POTTERS BAR

HARLOW

CHESHUNT

BLUEWATER

EPPING

LOUGHTON

SHEPHERDSBUSH

BRENTWOOD

CANARYWHARF

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Catchment

Westfield Stratford City is a new andexciting opportunity for leading retail,food and leisure brands. Strategicallyplaced between Central London andaffluent regional catchments, it offers a2011 total trade area of 3.3 million peoplewith a potential spend of £23.1 billion.

TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

Page 42: WESTFIELD UK PORTFOLIO - 2009

Centre Overview

Royal Victoria Place is a modern shoppingcentre with 1,700 car parking spaces in theheart of Royal Tunbridge Wells, the fifthmost affluent town in the UK.

The 34,000 sq m centre provides two retail levels with over90 stores including Fenwick, Marks & Spencer, HMV, Gap,Next, Bhs, French Connection, Hobbs, Office, Jane Norman,Republic, Monsoon and Burton. A dedicated food court alsooffers an extensive range of dining opportunities.

Royal Victoria Place is an integral part of the local communityand is committed to several long term initiatives. An annualcommunity campaign provides a range of educational andresource equipment to primary schools within the West Kentand East Sussex regions. Over the past 7 year period,Westfield has awarded nearly £50,000 through the annualscheme benefiting school children aged 5-11.

Royal Victoria Place also offers excellent customer servicefacilities including a concierge desk, kids club, digital touch-screen information points, creche and dedicated parent andbaby room. In 2008 Royal Victoria Place won the prestigiousSceptre Award for the Best UK Customer Services Team 2008.

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Westfield TunbridgeWells

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Catchment

The centre serves an extremely affluenttotal trade area of 320,000 people with42.8% of this population being theACORN profile of Wealthy Achievers,14.7% Urban Prosperity and 30%Comfortably off. The centre receives10.5 million customer visits per year.

Location &AccessibilityRoyal Victoria Place is situated in thecentre of Royal Tunbridge Wells in Kent.The centre is easily accessible by busand train and possesses good road linksfrom Sevenoaks, Brighton and Hastingsvia the A26, A21 and M25 motorways.

CROYDONSTROOD

MAIDSTONESEVENOAKS

EDENBRIDGE TONBRIDGE

ASHFORD

TENTERDEN

EAST GRINSTEAD

CROWBOROUGH

HEATHFIELD

HASTINGS

RYEUCKFIELD

BRIGHTON

LEWES

CATERHAM

CRAWLEY

TUNBRIDGE WELLS

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TERTIARY CATCHMENT

SECONDARY CATCHMENT

PRIMARY CATCHMENT

KEY

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Legal disclaimer: Data figures supplied are from JHD and CACI reports commissioned by Westfield Shoppingtowns Limited 2006 to 2008 and the OMIS reportfor BCR. Westfield Shoppingtowns Limited for themselves and for the owners, landlord and developer of this property whose agents they are, give notice that(i) These particulars are set out as a general outline only for guidance of potential tenants, and do not constitute part of an offer or contract; (ii) All descriptions,images, plans, drawings, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibilityand any intending tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracyof all matters upon which they intend to rely; (iii) No person in the employment ofWestfield Shoppingtowns Limited,Westfield Group or any associated companies,or the owners has any authority to make or give any representation or warranty whatsoever in relation to this property; (iv) Premises are offered subject to contractand no responsibility is taken for any inaccuracy or expenses incurred in viewing; (v) Information is correct at time of going to press; (vi) All plans are for illustrativepurposes only and should not be relied upon for accuracy or as an indication of future occupiers; (vii) These particulars should not be relied upon as accuratelydescribing any of the specific matters by any order under the Property Misdescriptions Act 1991. ©Westfield Shoppingtowns Limited 2008. Printed November 2008.

Westfield71 High Holborn,London WC1V 6EAT. +44 (0) 20 7061 1400www.westfield.com

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