Marks & Spencer takes possession of first store at Westfield London

11 February 2008

Countries: United Kingdom

Westfield and Commerz Real, owners of the 1.6 billion Westfield London, are pleased to announce that Marks & Spencer has commenced fit out of its new 157,000 sq ft flagship store at Westfield London.

Marks & Spencer will occupy three levels and is located in the North East corner of the scheme. The lowest level will house a food hall with direct car park access. The other levels will be dedicated to Marks & Spencers fashion and homeware ranges and hospitality.

Michael Gutman, Managing Director of Westfield UK & Europe said: M&S at Westfield London will be the second M&S store to open from our UK development pipeline and follows their successful launch at Westfield Derby last October. We look forward to working with Marks & Spencer on new stores for them at our Stratford City, Bradford and Nottingham developments.

Other anchors are scheduled to handover between now and Spring with construction progressing on schedule for opening for Christmas 2008.

Note to Editors

Media contact: Laura Passam @ Westfield: 0207 061 1861

About Westfield London

For more information on Westfield London, visit:

Westfield London is jointly owned by Westfield and Commerz Real.

About Westfield Group

Westfield Group (ASX Code: WDC) is the world’s largest listed retail property group by market capitalisation. It is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing in excess of 4,000 staff worldwide. It has investment interests in 119 shopping centres in four countries, with a total value of in excess A$60 billion.

Commerz Real AG

Commerz Real AG is a fully owned subsidiary of Commerzbank AG, Germany. With 44 billion in assets under management, it is one of the world’s largest real estate asset managers and providers of leasing and investment solutions. Commerz Real focuses on the provision of investment products, such as open-end and closed-end real estate funds, institutional real estate funds, REITs, closed-end funds for ships, aviation, and renewable energy. Furthermore, the spectrum of services includes the area of structured investments, which combines the activities of real estate leasing, big-ticket leasing, and structured financing, as well as equipment leasing.