19 November 2009

Welcomes new anchors; more than 40 new stores and restaurants

Culver City, CA Joined by the LAX Coastal Area and Culver City Chambers of Commerce, Westfield Culver City today celebrated its US$180 million redevelopment featuring 330,000 square feet of new shop space housing Target and Best Buy as new anchors, the popular Golds Express Gym (opening 2010), and favorite national brands such as H&M, XXI Forever, Coach, Disney, G by Guess, Hollister and Express. The expansion also showcases a vibrant line-up of full service restaurants, eateries, and a stunning caf-style dining terrace exhibiting 14 restaurateurs, fresh healthy cuisine, stylish food presentation and modern dcor.

Culver City Mayor Andrew Weissman and other municipal officials joined Chamber members and Westfield executives to celebrate the revitalized center and launch of the holiday trading season. In Culver City, weve made headlines for our movie studios, high-tech businesses, fabulous downtown district, top-rated restaurants and leading cultural institutions. Now, we have a world-class shopping center as well, said Mayor Weissman. The Culver City community has undergone a well-publicized economic and cultural renaissance in recent years. Hailed by The New York Times as Los Angeless newest stylish neighborhood, a magnet for lovers of the arts, good food and culture [Culver City] now inspires expressions like nascent Chelsea and L.A.s new restaurant mecca.

With the expansion, elevated merchandise selection and stylish new setting, Westfield Culver City experienced a renaissance of its own, now exhibiting center-wide aesthetic improvements, upgrades and conveniences. New streetfront retail and exterior facades attract attention from adjacent thoroughfares. An abundant use of glass and natural light evokes a sense of openness. Sparkling new tile, fixtures, sleek seating areas and accent landscaping add comfort and refinement. Special amenities include public art installations, two new family lounges, valet and reserved family parking, an eco-friendly car wash, and more.

The merchandise, cuisine and services now available at Westfield Culver City are a perfect fit for savvy L.A. shoppers, said John Widdup, Westfield Chief Operating Officer, United States. From a company perspective, this project reflects Westfields continued commitment to our communities combined with the application of international best practices all tailored to meet the needs and demands of each market. We are delighted to welcome our shoppers to the new Westfield Culver City.

About Westfield Culver City

Now encompassing approximately one million square feet and anchored by Macys, JCPenney, Target and Best Buy Westfield Culver City features an exciting line-up of 130 national retailers, local, regional and new boutique concepts, and dining options. Just minutes from Los Angeles International Airport (LAX), Westfield Culver City is located directly adjacent to I-405 (the single most heavily travelled highway in the U.S.,) as well as other major area thoroughfares.

The Westfield Group

The Westfield Group (ASX: WDC), is an internally managed, vertically integrated shopping center group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing approximately 4,000 staff worldwide. It has investment interests in 119 shopping centers across Australia, the United States, the United Kingdom and New Zealand, encompassing in excess of 23,000 retail outlets. With a total value of assets under management in excess of A$62 billion, the Westfield Group is the largest retail property group in the world by equity market capitalization.