Portfolio Overview

Westfield Corporation has interests in 34 shopping centres in the United States and United Kingdom, valued at $29 billion. These centres encompass 6,500 retail outlets, 43.6 million square feet of GLA and generate $726 per square foot in annual specialty sales.

The Group’s 16 flagship assets constitute 82% of Assets under Management and generate $902 per square foot in annual specialty sales.

During 2015, Westfield Corporation divested six non-core assets for $1.3 billion and entered into a $925 million joint venture for three regional shopping centres.

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PORTFOLIO SUMMARY

December 2015 Flagship Regional Total
Centres 16 18 34
Retail Outlets 3,769 2,711 6,480
GLA (m sqf) 23.8 19.8 43.6
Assets Under Management ($ billion) $23.7 $5.3 $29.0
Westfield Corporation Interests ($ billion) $14.5 $3.0 $17.5
Joint Venture Partner Interests ($ billion) $9.2 $2.3 $11.5
Westfield Corporation Interests % 61% 57% 60%

Assets under management

Assets by
type
Assets by geography

High Productivity Portfolio

High Levels of Occupancy

FLAGSHIP CENTRES (31 December 2015)

Shopping Centre Westfield’s Interest % Total Annual Retail Sales¹
($ million)
Total Lettable Area (SQF) Specialty Lettable Area (SQF) Number of Retail Outlets
UNITED KINGDOM
Stratford City 50.0% £1,110.9 1,905,542 1,295,595 342
London 50.0% £985.6 1,847,866 1,262,265 368
UNITED STATES
Annapolis 55.0% $453.6 1,503,753 769,947 260
Century City # 100.0% $529.5 724,862 367,862 113
Culver City 55.0% $417.6 1,042,999 503,460 175
Fashion Square 50.0% $381.0 863,590 361,055 147
Garden State Plaza 50.0% $905.9 2,180,702 1,047,870 326
Montgomery 50.0% $531.0 1,322,515 610,414 223
Old Orchard 100.0% $541.7 1,797,099 763,899 144
Roseville 100.0% $529.1 1,330,898 678,474 238
San Francisco 50.0% $607.9 1,429,415 537,332 188
Santa Anita 49.3% $459.7 1,462,950 947,126 233
Southcenter 55.0% $576.2 1,682,214 810,473 246
Topanga 2 # 55.0% $796.4 2,118,123 1,076,240 353
UTC # 50.0% $576.0 1,072,777 611,104 152
Valley Fair 50.0% $919.9 1,479,573 744,845 261
TOTAL FLAGSHIP PORTFOLIO 23,764,878 12,387,962 3,769
# Under development during period – statistics exclude development impacted retail outlets 1 Total Annual Sales includes estimates for anchor stores, consisting of major department stores, which are not required to report retail sales 2 Topanga includes The Village at Topanga

REGIONAL CENTRES (31 December 2015)

Shopping Centre Interest
%
Total Annual Retail Sales1
($ million)
Total Lettable Area
(SQF)
Specialty Lettable Area
(SQF)
Number of Retail Outlets
Brandon 50.0% 339.6 1,150,140 535,084 201
Broward 50.0% 235.3 1,043,961 331,934 125
Citrus Park 50.0% 210.7 1,141,494 504,546 147
Countryside 50.0% 317.7 1,256,716 461,565 175
Horton Plaza# 55.0% 116.7 738,200 457,714 124
Meriden# 100.0% 156.7 903,583 441,116 122
Mission Valley 41.7% 481.9 1,573,913 794,985 124
North County 55.0% 335.3 1,233,018 495,310 179
Oakridge 55.0% 394.0 1,138,167 611,423 189
Palm Desert 52.6% 219.1 982,042 497,539 146
Plaza Bonita 55.0% 313.5 1,032,621 596,227 188
Sarasota 50.0% 200.0 1,023,218 386,694 106
South Shore 100.0% 191.6 1,085,896 346,836 126
Southgate# 50.0% 40.6 379,653 133,779 45
Sunrise# 100.0 163.1 1,206,249 472,751 152
Trumbull 52.6% 283.6 1,130,853 454,903 169
Valencia Town Center 50.0% 332.7 1,099,201 650,893 212
Wheaton 52.6% 503.5 1,652,174 683,483 181
TOTAL REGIONAL PORTFOLIO 19,771,099 8,856,782 2,711
# Under development during period – statistics exclude development impacted retail outlets 1 Total Annual Sales includes estimates for anchor stores, consisting of major department stores, which are not required to report retail sales