Data Monitor Report - Westfield

Westfield Group (Australia)

Company Profile

Publication Date: 18 Nov 2007

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Westfield Group (Australia)

TABLE OF CONTENTS

Company Overview..............................................................................................4

Key Facts...............................................................................................................4

Business Description...........................................................................................5

History...................................................................................................................6

Key Employees.....................................................................................................8

Key Employee Biographies..................................................................................9

Major Products and Services............................................................................13

Revenue Analysis...............................................................................................14

SWOT Analysis...................................................................................................15

Top Competitors.................................................................................................19

Company View.....................................................................................................20

Locations and Subsidiaries...............................................................................22


Westfield Group (Australia)TABLE OF CONTENTS

COMPANY OVERVIEW

Westfield Group is an internally managed, vertically integrated, shopping centre group undertakingownership, development, design, construction, funds/asset management, property management,leasing and marketing activities.The company primarily operates in: the US, Australia, New Zealandand the UK. It is headquartered in Sydney, Australia and employs about 4,700 people.

The company recorded revenues of A$9,203.3 million (approximately $7,264.4 million) during thefiscal year ended December 2006, an increase of 32.5% over 2005. The net profit was A$192.8million (approximately $152.2 million) in fiscal year 2006, a decrease of 57.3% compared to 2005.

KEY FACTS

Westfield Group (Australia)Head OfficeLevel 24, Westfield Towers100 William StreetSydneyNew South Wales 2011AUS

61 2 9358 7000Phone

61 2 9358 7077Fax

http://www.westfield.comWeb Address

9,203.3Revenue / turnover(AUD Mn)

DecemberFinancial Year End

4,647Employees

WDCAustralian StkExchg National MktTicker


Westfield Group (Australia)Company Overview

BUSINESS DESCRIPTION

Westfield is a real estate management group. It is a vertically integrated, retail real estate propertygroup with operations ranging from property development, design and construction activities, marketingand leasing activities, property management and asset management.

Westfield has interests in an investment portfolio of 121 shopping centers located in Australia, NewZealand, the US, and the UK. The centers are located in key trade areas, secured by long-termtenancies with major retailers and integrate a wide cross section of national chain store operatorsand high quality specialty retailers. Of the 121 shopping centers, 44 are in Australia, 59 in the US,11 in New Zealand, and seven in the UK.

The company organizes its operations into 3 business segments: operational; development and newbusiness; and corporate. Its core business activities include: property management, marketing andleasing activities; property development, design and construction activities; and funds/assetmanagement activities.

The property management division is engaged in the leasing and day-to-day management andmarketing of the centers. The Westfield Group's property development activities are verticallyintegrated and involve all of the elements of development, design, construction and leasing. Beforecommencing construction, the company normally enters into tenancy/leasing agreements.

Westfield is also involved in the management of assets for institutional and other investors. Theseinvestments are undertaken on a joint venture basis on specific properties with partners.The partnersinclude Deutsche Asset Management, AMP Capital Investors, the Perron Group, Australian PrimeProperty Fund (APPF), Prudential, JP Morgan Real Estate Investment Management, Forest CityEnterprises, Morgan Stanley Real Estate Management, and The John Buck Company.


Westfield Group (Australia)Business Description

HISTORY

Westfield Group was created by the merger of Westfield Holdings, Westfield Trust and WestfieldAmerica Trust in 2004. It was listed on Australian stock exchange in the same year.

Further in 2004, the company acquired a 4.8% stake in General Property Trust. In the same year,the company received 97.3% acceptance for its bid to acquire Duelguide.

In May 2005, Westfield acquired additional 25% interest in White City for £65 million (about $118.73million). This increased Westfield's ownership of the White City development to 50%.

The company expanded its portfolio in New York in June 2005, following an acquisition a 100%interest in the Sunrise Mall in Massapequa, New York for $143 million.

Westfield entered into discussions with Federated in July 2005 for the acquisition of Federateddepartment stores planned for divestiture.

In September 2005, Westfield sold its 6.53% holding in the General Property Trust for a total grossconsideration of $518 million.

The company inaugurated Westfield Helensvale shopping center by Queensland Premier PeterBeattie on the Gold Coast in October 2005.

Westfield revealed plans for constructing a world class retail and office development project, inDecember 2005.This project is estimated to cost $600 million and would be in the heart of Sydney'sCBD linking the Centrepoint, Skygarden properties and Imperial Arcade.

In February 2006, Westfield acquired 15 department store sites owned by Federated DepartmentStores at 11 Westfield shopping centers in the United States.

Westfield entered into agreements to divest eight 8 US non strategic assets, raising $550 million inseparate transactions with Centro Properties Group and Somera Capital Management in May 2006.

In June 2006, Westfield acquired from its co-owners, the 75% interest in the Stratford Citydevelopment in East London. The interest was acquired for approximately £140 million.

Westfield formed a new joint venture with Queensland Investment Corporation (QIC) in respect ofthe Merry Hill shopping centre, near Birmingham in the West Midlands, United Kingdom in December2006. Westfield has sold a 50% interest in the Merry Hill shopping centre and surroundingdevelopment land to QIC for £524 million.


Westfield Group (Australia)History

In April 2007, Westfield and GIC Real Estate (GIC RE), a leading global real estate investor, formeda $1.4 billion new joint venture in respect of Westfield Parramatta in New South Wales, Australia.GIC RE’s affiliate acquired a 50% interest in Westfield Parramatta from the group.

Westfield and LaSalle Investment Management formed a $1.48 billion new joint venture in respectof Westfield Doncaster in Victoria, Australia in August 2007. LaSalle, on behalf of the Asia PropertyFund, exchanged agreements to acquire a 50% interest in Westfield Doncaster.

In October 2007, Marks & Spencer and Westfield announced that they would be working togetheron a further three major store developments.


Westfield Group (Australia)History

KEY EMPLOYEES

BoardJob TitleName

Executive BoardGroup Managing DirectorPeter S. Lowy

Executive BoardGroup Managing DirectorSteven M. Lowy

Non Executive BoardChairmanFrank P. Lowy

Non Executive BoardDeputy ChairmanDavid H. Lowy

Non Executive BoardDirectorFrederick G. Hilmer

Non Executive BoardDirectorDavid M. Gonski

Non Executive BoardDirectorStephen P. Johns

Non Executive BoardDirectorRoy L Furman

Non Executive BoardDirectorGary H. Weiss

Non Executive BoardDirectorDean R. Wills

Non Executive BoardDirectorCarla M. Zampatti

Senior ManagementManaging Director, Australia and New ZealandRobert Jordan

Senior ManagementGroup Chief Financial OfficerPeter Allen

Senior ManagementDeputy Chief Financial OfficerMark Bloom

Senior ManagementManaging Director, United Kingdom and EuropeMichael Gutman

Senior ManagementManaging Director, United StatesKenneth P. Wong

Senior ManagementDirector, CorporateElliott Rusanow

Senior ManagementDirector, Corporate AffairsMark Ryan

Senior ManagementDirector, Human ResourcesIan Cornell

Senior ManagementDirector, LeasingPeter Leslie

Senior ManagementDirector, DevelopmentGreg Miles

Senior ManagementDirector, WSCM and MarketingGary Williams

Senior ManagementDirector, Business DevelopmentMichelle Vanzella

Senior ManagementDirector, IT Australia and New ZealandPeter Bourke

Senior ManagementDirector, Design and ConstructionBob Merkenhof


Westfield Group (Australia)Key Employees

KEY EMPLOYEE BIOGRAPHIES

Peter S. Lowy

Board: Executive BoardJob Title: Group Managing DirectorAge: 48

Mr. Lowy is the Group Managing Director of Westfield Group. He was appointed as the ManagingDirector of Westfield Holdings since 1997. He holds a Bachelor of Commerce degree from theUniversity of NSW. Prior to joining Westfield in 1983, Mr. Lowy worked in investment banking bothin London and New York. He serves on the Executive Committee and Board of Governors for theNational Association of Real Estate Investment Trusts; is on the Rand Corporation's Centre forTerrorism Risk Management Policy Advisory Board; is a Member of the Management Board of theEuropean Public Real Estate Association; and is Founding Chairman of the e-Fairness Coalition.He also serves on the Board of Directors of the Lowy Institute for International Policy in Australia,the Executive Committee of the Washington Institute for Near East Policy and the board of theHomeland Security Advisory Council.

Steven M. Lowy

Board: Executive BoardJob Title: Group Managing DirectorSince: 1997Age: 44

Mr. Lowy is the Group Managing Director of the Westfield Group. He was appointed as the ManagingDirector of Westfield Holdings in 1997. He holds a Bachelor of Commerce (Honours) degree fromthe University of NSW. Prior to joining Westfield in 1987, he worked in investment banking in theUS. He is President of the Board of Trustees of the Art Gallery of New South Wales. He is a Directorof the Victor Chang Cardiac Research Institute; a Director of the Lowy Institute for InternationalPolicy; and a Member of the Prime Minister’s Business-Government Advisory Group on NationalSecurity.

Frank P. Lowy

Board: Non Executive BoardJob Title: Chairman

Mr. Lowy is the Chairman and Co-founder of the Westfield Group. He is the Founder and Chairmanof the Lowy Institute for International Policy, a Member of The Brookings Institution's International


Westfield Group (Australia)Key Employee Biographies

Advisory Council, and Chairman of Football Federation Australia. He is Chairman of the WestfieldGroup Nomination Committee.

David H. Lowy

Board: Non Executive BoardJob Title: Deputy Chairman

Mr. Lowy has been a Director of the company since 1982. He was appointed Non-Executive DeputyChairman of Westfield Holdings Limited in 2000; He holds a Bachelor of Commerce degree fromthe University of NSW. He joined Westfield in 1977 and became Managing Director in 1987, a positionhe held until 2000. He is a Principal of LFG Holdings. He is a Director of Publishing and BroadcastingLimited. He is the Founder and President of Temora Aviation Museum. He is Chairman of theWestfield Group Board Risk Management Committee.

Frederick G. Hilmer

Board: Non Executive BoardJob Title: Director

Mr. Hilmer is a Director of the company. He was appointed a Non Executive Director of WestfieldHoldings Limited in 1991. He is Chairman of the Westfield Group Audit and Compliance Committeeand the Remuneration Committee and is the Lead Independent Director. He became Vice Chancellorand President of the University of New South Wales in 2006. From 1998 until 2005, he was ChiefExecutive Officer and a Director of John Fairfax Holdings Limited. Between 1989 and 1997, he wasDean and Professor of Management at the Australian Graduate School of Management (Universityof New South Wales). He holds degrees in Law from the Universities of Sydney and Pennsylvaniaand an MBA from the Wharton School of Finance.

David M. Gonski


Mr. Gonski is a Director of the company. He was appointed as a Non Executive Director of WestfieldHoldings Limited in 1985. He holds degrees in Law and Commerce from the University of New SouthWales. He is Chairman of Investec Bank Australia Limited and Coca-Cola Amatil Limited. He is aDirector of ASX Limited and Singapore Airlines Limited. He is Chairman of Sydney Grammar Schooland Chancellor of the University of NSW. He is a Member of the Westfield Group Audit andCompliance Committee, the Remuneration Committee and the Nomination Committee.

Stephen P. Johns



Board: Non Executive BoardJob Title: DirectorSince: 2003

Mr. Johns has been a Director of the Westfield Group since 2003. He holds a Bachelor of Economicsdegree from the University of Sydney and is a Fellow of the Institute of Chartered Accountants inAustralia. He was appointed an Executive Director of Westfield Holdings Limited and WestfieldManagement Limited in 1985 and of Westfield America Management Limited in 1996. He held anumber of positions within Westfield, including Group Finance Director from 1985 to 2002. He isalso a Chairman of the Spark Infrastructure Group, a Director of Brambles Limited and SydneySymphony Limited. He is a Member of the Westfield Group Audit and Compliance Committee andthe Board Risk Management Committee.

Roy L Furman


Mr. Furman is a Director of the company. He was appointed as a Non Executive Director of WestfieldHoldings Limited in 2004 following the merger of Westfield Holdings Limited with Westfield Trustand Westfield America Trust. He holds a degree in Law from Harvard Law School. He is based inthe US and is Vice Chairman of Jefferies and Company and Chairman of Jefferies Capital Partners,a group of private equity funds. He was Co-founder of Furman Selz (1973), international investmentbanking, institutional brokerage and money management firm. He is a Member of the WestfieldGroup Remuneration Committee.

Gary H. Weiss


Mr.Weiss is a Director of the company. He was appointed as a Director of Westfield Holdings Limitedin 2004 following the merger of Westfield Holdings Limited with Westfield Trust and Westfield AmericaTrust. He holds a Masters degree in Law, as well as a Doctor of Juridical Science (JSD) from CornellUniversity, New York. He is an Executive Director of Guinness Peat Group, Chairman of Coats andAriadne Australia Limited. He is also a Director of Capral Aluminium Limited, Canberra InvestmentCorporation Limited, Tag Pacific Limited, Premier Investments Limited and Tower Australia GroupLimited. He is a Member of the Westfield Group Board Risk Management Committee.

Dean R. Wills




Mr. Wills is a Director of Westfield Group. He was appointed as a Director of Westfield HoldingsLimited in 1994. He is a Fellow of the Australian Institute of Company Directors (AICD) and theAustralian Marketing Institute (AMI). He is a Member of the Westfield Group Nomination Committee.He is a former Chairman of AXA Asia Pacific Holdings, Coca Cola Amatil, Transfield Services Limitedand John Fairfax Holdings Limited.

Carla M. Zampatti


Ms. Zampatti is a Director of the company. She was appointed as Director of Westfield HoldingsLimited in 1997. She is an Executive Chairman of the Carla Zampatti Group. She is Chairman ofthe Special Broadcasting Service (SBS), a Trustee of the Sydney Theatre Company FoundationTrust and a Member of the Board of the Australian Multicultural Foundation. She is a Member of theWestfield Group Nomination Committee. She is a former Director of McDonald's Australia Limited.



MAJOR PRODUCTS AND SERVICES

Westfield Group is a property group, primarily involved in the construction, development, leasing, property management, and marketing of retail estate property.The company's products and services include:

Property managementMarketing and leasing activitiesProperty developmentDesign and construction activitiesFunds and asset management activities


Westfield Group (Australia)Major Products and Services

REVENUE ANALYSIS

The company recorded revenues of A$9,203.3 million (approximately $7,264.4 million) during thefiscal year ended December 2006, an increase of 32.5% over 2005. For the fiscal year 2006, Australiaand New Zealand, the company's largest geographic market, accounted for 43.3% of the totalrevenues.

Westfield Group generates revenues through three business divisions: operational division (98.8%of the total revenues during fiscal year 2006), corporate division (1.0%), and development and newbusiness division (0.2%).

Revenue by division

During the fiscal year 2006, the operational division recorded revenues of A$4,001.2 million(approximately $3,158.3 million), an increase of 10.8% over 2005.

The corporate division recorded revenues of A$41.2 million (approximately $32.5 million) in fiscalyear 2006, a decrease of 64.5% as compared to 2005.

The development and new business division recorded revenues of A$6.4 million (approximately$5.1 million) in fiscal year 2006, a decrease of 22% as compared to 2005.

Revenue by geography

Australia and New Zealand, Westfield Group's largest geographical market, accounted for 43.3%of the total revenues in the fiscal year 2006. Revenues from Australia and New Zealand reachedA$1,754.7 million (approximately $1,385 million) in 2006, an increase of 2.8% over 2005.

The US accounted for 46.4% of the total revenues in the fiscal year 2006. Revenues from the USreached A$1,881 million (approximately $1,483.9 million) in 2006, an increase of 1.4% over 2005.

The UK accounted for 10.2% of the total revenues in the fiscal year 2006. Revenues from the UKreached A$414 million (approximately $326.8 million) in 2006, as compared to A$177.2 million(approximately $139.9 million) in 2005.


Westfield Group (Australia)Revenue Analysis

SWOT ANALYSIS

Westfield is one of the world's largest retail property groups in terms of market capitalization. It is avertically integrated, retail real estate property group with operations including property development,design and construction activities, marketing and leasing activities and property management. Thecompany is also involved in fund management and asset management activities. Increasing pricesof raw materials, however, threaten to erode the company's margins.

WeaknessesStrengths

More focus on retail propertiesStrong market presenceSluggish performance of USSteady cash flow from operations

Diversified business portfolio

ThreatsOpportunities

CompetitionJoint ventureErosion of property valuesAcquisition

Emerging markets

Strengths

Strong market presence

Westfield has a strong market presence in the real estate market. It is one of the ten largest companieslisted on the Australian Securities Exchange, and the world’s largest listed retail property company.Westfield has 121 shopping centers in Australia, New Zealand, the US and the UK with more than22,000 retailers in 10.2 million square meters of retail space.The company owns 9,000 retail outletsin the US, 11,500 in Australia, 750 in the UK, and 1,500 in New Zealand. The company’s leadingmarket presence has provided it with significant bargaining power in the real estate market.

Steady cash flow position

Westfield generates steady cash flows, enabling it to pursue a moderately aggressive acquisitionstrategy and a share repurchase program. The company recorded an increase in operating cashflow from operations, up from $1,073.3 million (approximately $1,385 million) in 2004 to $2,534.4million (approximately $1,385 million) in 2006 at a CAGR of 33.2%. Strong cash flows have allowedthe company to pursue its growth plans.

Diversified business portfolio


Westfield Group (Australia)SWOT Analysis

Westfield is a vertically integrated, retail real estate property group with diversified operations as itcarries out a whole range of commercial real estate-related activities. Such activities include propertymanagement, marketing, and leasing activities, property development, design, and constructionactivities, and funds and asset management activities. Also the company is engaged in buying andmanaging retail properties in the US, the UK, Australia, and Canada. These diversified businessactivities allow the company to mitigate the risks arising out of a slump in particular real estate areas.

Weaknesses

More focus on retail properties

Westfield's real estate business is centered on retail properties. Any slump in the retail sector wouldaffect the occupancy rate of its retail malls, and thus its overall financial performance. Moreover,there are other areas of real estate business including residential and non-residential sectors whichcurrently present enormous growth opportunities. By concentrating only on retail properties, Westfieldmay be missing out on the chance to seize the business opportunities existing in other areas of realestate business.

Sluggish performance in the US

The company has witnessed sluggish performance in the US market. The company’s revenue inthe US fell from A$2,762 million (approximately $2,180 million) in 2004 to reach A$1,880 million(approximately $1,483 million) in 2006 at a CAGR of 17%. On the other hand the company’s othermarkets, namely Australia and New Zealand, and UK registered revenue growth in the respectiveperiod. The company’s sluggish performance of US has affected its top line growth. Also thecompany’s business could be affected by any negative trends in the US retail sector, which henceforthwould affect its financial performance.

Opportunities

Joint venture

The Westfield and LaSalle Investment Management entered into a new joint venture in respect ofWestfield Doncaster in Victoria, Australia in August 2007. LaSalle, on behalf of the Asia PropertyFund, has exchanged agreements to acquire a 50% interest in Westfield Doncaster. Westfield willcontinue in its development, design and construction role, on behalf of the Joint Venture, for thecurrent redevelopment of Doncaster.The joint venture has also appointed Westfield as the Property,Leasing and Development Manager of the centre.

Following development completion at the end of 2008, Westfield Doncaster will be a three levelsuper regional centre in the affluent north eastern region of Melbourne.The centre will have an areaof approximately 120,000 square meters and will contain major retailers such as Myer and David



Jones department stores, Coles and Safeway supermarkets, Big W and Kmart discount departmentstores and Village Cinemas. In addition, the centre will include a new Cafe Court and Entertainmentand Leisure Precinct and approximately 400 specialty stores. Joint venture would enhance therevenue generation opportunities for the company.

Acquisition

The Westfield acquired 15 department store sites owned by Federated Department Stores in theUS in February 2006.Westfield had acquired 15 stores in two separate transactions.The acquisitionof 12 of the stores was in exchange for 12 department store properties which were owned by Westfieldand leased to May Company. Separately, Westfield and Federated have agreed upon 18 newredevelopments at Westfield-owned shopping centers.

The acquisition creates new opportunities to further reinvest in and improve its store portfolio therebystrengthening market presence.

Emerging markets

The group does not have a presence in Asia. But it is ideally positioned to enter the emerging marketsof Asia-Pacific, due to emerging trends in this region. With economic conditions and tourist ratesimproving, countries such as Singapore, Malaysia, China, South Korea, and India are witnessing aboom in retail sector.The National Bureau of Statistics (NBS) reported a 15.9% rise in China's retailsales during May 2007 from the previous year. The up-and-coming nature of the Asia Pacific regionpresents Westfield with a significant opportunity to make investments now that may prove lucrativein the short and medium term.

Threats

Competition

Competition in the real-estate sector is fierce, with the players vying to buy retail floor space. Thecompany’s prime competitors include: Capital Shopping Centers, CBL & Associates Properties,Developers Diversified Realty, General Growth Properties and Simon Property Group. Real estatefirms try to offer floor space at competitive prices, i.e., lesser lease or rental value to garner marketshare. The twin stresses of large initial investments and the reduction in lease rates combined canplace enormous pressure on the finances of property investment firms. Intense competition couldadversely affect Westfield’s’ profit margin.

Erosion of property values

The real estate business is vulnerable to erosion in the value of properties or possessions.The valueof properties may fluctuate based on a large variety of factors such as location, design, suitability



for occupation, and the practical lifespan of the building, among others. These factors may have amajor influence on the value of assets under Westfield's management.



TOP COMPETITORS

The following companies are the major competitors of Westfield Group (Australia)

Capital Shopping Centres plcSimon Property Group, Inc.CBL & Associates Properties Inc.Developers Diversified Realty CorporationGeneral Growth Properties, Inc.


Westfield Group (Australia)Top Competitors

COMPANY VIEW

A statement by Frank Lowy, Chairman of Westfield Group is given below. The statement has beentaken from the company’s 2006 annual report.

I am pleased to report that Westfield Group’s standing as the world’s leading retail property companycontinued to strengthen during 2006. We delivered strong financial results for the year as well asfocusing on the future delivery of landmark shopping centers in some of the world’s leading cities.

The increasingly global nature of our business continues to be reflected not just in our portfolio ofshopping centers in Australia, New Zealand, the United States and the United Kingdom but also inthe Group’s investor base.

Today the group has $60.7 billion of assets under management with 58% of these assets locatedoutside Australia. Our investor base has also become more international with 30% of our shareholderbase by value located outside Australia.

Our profile in the global markets continues to increase.With a market capitalization of approximately$39 billion, the Westfield Group is one of the ten largest companies listed on the Australian SecuritiesExchange, and the world’s largest listed retail property company. As the largest listed property trustin the Australian market, the Group represents 29.4% of the S&P/ASX 200 Property Trust Index and3% of the broader S&P/ASX 200 Index. Globally we are also the largest listed retail property grouprepresenting 3.3% of the FTSE EPRA NAREIT Global Property Index and 5.8% of the MSCI WorldREIT Index.

This position is further highlighted by the Group’s ability to raise capital, both debt and equity globally.During 2006 we undertook various initiatives to recycle capital including the establishment of a jointventure with Queensland Investment Corporation (QIC) making their first investment in the UnitedKingdom by investing in one of the Group’s shopping centers. We also facilitated PGGM, aNetherlands Pension Fund to invest in a portfolio of Australian shopping centers by way of the issueof newly created Property Linked Notes. The Group now has issued publicly traded bonds in theAustralian, United States, European and United Kingdom debt capital markets.

We have a globally recognized brand and our operational statistics confirm the underlying strengthof our business. We continue to focus on the expansion and development of our shopping centers,and expect to commence between $1.5 to $2 billion of new projects each year for the foreseeablefuture.

Net profit for the year was $5.58 billion and distribution to security holders was $1.87 billion, or 106.5cents per security. Operational segment earnings for the year were $1.65 billion, up 8.5% over theprevious year or 6% on a per security basis. The Group completed 12 developments with a totalcost of $2 billion of which the Group’s investment was $1.6 billion.


Westfield Group (Australia)Company View

The completion of developments in San Francisco and Century City, Los Angeles in the UnitedStates highlights the growing importance of developing centers with leading edge design, customeramenities and the best global retailers. One of the strengths of the Westfield Group is its ability totransfer the experience and expertise gained in one market across its global portfolio.

During the year we moved ahead with work on what will be two of the biggest retail projects in theUnited Kingdom – Westfield London shopping centre at White City in west London and the futureshopping centre at Stratford City, adjacent to the site of the 2012 Olympics in east London.

Leveraging this expertise globally is achieved by retaining and recruiting the best executives in ourindustry and using their skill and knowledge across markets. Global sharing of people and practicesis now commonplace within the Group.

During the year we continued with efforts to make our shopping centers more environmentallyfriendly. In addition to meeting our regulatory obligations, numerous energy-saving and recyclinginitiatives are being introduced across the portfolio.


Westfield Group (Australia)Company View

LOCATIONS AND SUBSIDIARIESHead Office

Westfield Group (Australia)Level 24, Westfield Towers100 William StreetSydneyNew South Wales 2011AUSP:61 2 9358 7000F:61 2 9358 7077http://www.westfield.com

Other Locations and Subsidiaries

Westfield Group (New Zealand)Westfield Group (US)Level 2 Office Tower12th Floor277 Broadway11601 Wilshire BoulevardNewmarketLos AngelesAuckland 1001California 90025NZLUSA


Westfield Group (Australia)Locations and Subsidiaries

Documents

Data Monitor Report - Westfield