WESTFIELD GROUP STATEMENT REGARDING TORONTO
7 September 2011
In response to recent inquiries, Westfield issues the following statement:
As part of Westfield’s global business, Westfield investigates development opportunities in major cities around the world.
With regard to the Toronto Port Lands site, Westfield has engaged in preliminary investigation to determine whether it is a suitable site and/or investment.
As part of that preliminary investigation, Westfield has met with City officials to discuss the City’s vision for the site and Westfield’s view of its potential. Westfield has made no decision whether it will or will not participate in any RFP for the development of the site.
While Westfield’s discussions were preliminary and exploratory in nature, it is now in the process of satisfying any registration requirements under the City of Toronto lobbyist registration law.
Westfield Group The Westfield Group (ASX: WDC) 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. The Group has interests in and operates one of the world’s largest shopping center portfolios with investment interests in 124 shopping centres in Australia, the United States, the United Kingdom, New Zealand and Brazil, encompassing approximately 25,000 retail outlets and total assets under management in excess of A$59 billion.
This release may contain forward-looking statements, including statements regarding future earnings and distributions. These forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained this release. You should not place undue reliance on these forward-looking statements. These forward-looking statements are based on information available to us as of the date of this presentation. Except as required by law or regulation (including the ASX Listing Rules) we undertake no obligation to update these forward-looking statements.