Westfield Group Westfield Group ANNUAL REPORT 2010
WESTFIELD GROUP WESTFIELD ANNUAL REPORT 2010 REPORT ANNUAL WESTFIELD GROUP ANNUAL REPORT 2010 WESTFIELD SYDNEY: Stage one of the $3.26 billion flagship project in the heart of Sydney’s central business district opened in October 2010 six months ahead of schedule, with 130 fashion and food retailers and a 30,000 square metre office building. Westfield Sydney, which will become home to the Group’s corporate headquarters, is due for completion in early 2012 with the opening of a 25-storey office tower. CONTENTS Westfield Stratford City IFC Portfolio Overview 02 Chairman’s Review 04 Group Managing Directors’ Review 08 Sustainability 16 Human Resources 18 Property Portfolio 20 Board of Directors 24 Financial Report 26 Investor Relations 137 cover and this page: Westfield Sydney, AUS Corporate Directory 140 WESTFIELD STRATFORD CITY: The completed £1.743 billion landmark centre will be the gateway to the London 2012 Olympic Games, and is due to open in September 2011. As Europe’s largest shopping centre with 1.9 million square feet of retail, a new town centre with residential, commercial and leisure space including two hotels, and international transport connectivity, Westfield Stratford City is set to transform the east side of London. London Olympic Games Queen Elizabeth Park THE WESTFIELD GROUP The Westfield Group has interests in and operates one UMMARY S of the world’s largest shopping O I OL F centre portfolios. This high PORT quality portfolio of 119 regional shopping centres in Australia, New Zealand, the United States and the United Kingdom is valued in excess of $58 billion, and has almost 24,000 retailers in more than 10.5 million square metres of retail space.
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