Westfield Annaplolis celebrates official completion of $160 million revitalization

06 November 2007

Countries: United States

Ceremony Marks Official Opening of Anne Arundel Countys Premiere Shopping Destination

Annapolis, Maryland — Westfield Annapolis celebrated the completion of its $160 million redevelopment today with an elaborate VIP ceremony and launch, including official welcomes by Anne Arundel County officials, donations to local community groups and a symbolic anchor drop finale.

The 240,000 square foot revitalization and expansion combines the best of traditional fashion retailing with innovative elements such as alfresco dining, leading edge technology and superior customer service amenities. Today, we unveil Anne Arundel Countys premiere shopping destination, an exciting place that connects residents and visitors alike with the very latest in fashion, trends and lifestyle. By fusing the best in retail, world-class design and meaningful relationships with our community, we truly provide a different, better and special shopping experience, said Peter Lowy, Westfields Chief Executive Officer.

More than 60 exciting new specialty stores and nationally known restaurants, 33 of which are new to the Annapolis market (11 are also new to Maryland), opened their doors at Westfield Annapolis for the first time today, including Pottery Barn, H&M, Martin + Osa, Under Armour, Metropark and Ann Taylor Loft. Additionally, a highlight of the new restaurant offerings, McCormick and Schmicks Seafood, opens to the public on Monday, November 5th. Four convenient new parking areas with more than 1,000 new parking spaces, valet stations and enhanced way-finding signage enable stress- free mobility throughout the property. Striking interior design enhancements including dramatic new entrances and majestic atriums in a stimulating street-scene environment are featured throughout the shopping center.

“Retail trade is an important part of the Anne Arundel County business economy, employing over 30,000 people,” said County Executive John R. Leopold. “I congratulate Westfield Annapolis for their continued commitment to our community and the fine variety of retail and dining options they provide to our citizens.”

The new Westfield Annapolis, at 1.5 million square feet, now has the distinction of providing the most the shopping choices in Anne Arundel County, employing over 3,500 and is expected to generate over $500 million in annual sales.

ENDS

Westfield Annapolis is owned by the Westfield Group (ASX: WDC), an Australian-based company with interests in 119 shopping centers in Australia, New Zealand, the United Kingdom and the United States. In the U.S., the Group has a portfolio of 57 shopping centers that are home to more than 9,000 specialty stores and comprise approximately 65 million square feet of leasable space in California, Connecticut, Florida, Illinois, Indiana, Maryland, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio and Washington.

Westfield Group

The Westfield Group (ASX Code: WDC) is the worlds 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 in excess of A$60 billion.