WESTFIELD CORPORATION Westfield San Francisco Westfield South London 31 3 1 Westfield World Trade Centre Westfield Stratford City Westfield Century City GLOBAL STRATEGY: TO CREATE & OPERATE ICONIC ASSETS IN MAJOR CITIES OFFERING THE BEST OF FASHION, FOOD, ENTERTAINMENT, LEISURE & TECHNOLOGY WESTFIELD CORPORATION FOOTFALL OF 435 MILLION ICONIC CENTRES IN LONDON, NEW YORK, SAN FRANCISCO & LOS ANGELES 26.3BN PORTFOLIO 14.6BN RETAIL SALES ANNUALLY OVER 6,480 RETAILERS 9.5BN DEVELOPMENT PIPELINE Westfield London
Milano A NEW DESTINATION URBAN REGENERATION AND SOCIAL INNOVATION LAYOUT & RETAIL MIX INFRASTRUCTURES WESTFIELD IN ITALY
WESTFIELD MILANO A NEW DESTINATION
WESTFIELD MILANO OVERVIEW WESTFIELD MILANO WILL BE THE LARGEST RETAIL AND LEISURE DESTINATION IN ITALY. Location: GLA : Retail Units: Anchor tenants: Leisure facilities: Parking: Anticipated Footfall: Retail Sales: 8 km East of Milan city-centre, adjacent to Linate airport. 185,000 sqm Exciting mix of more than 380 local and International retailers, including a Luxury Village and 50 restaurants 18,000 sqm Galeries Lafayette and UCI Cinemas Market-leading leisure, entertainment and dining precincts, including a 16 screen UCI Cinema with 2,500 seats and luxury dining service Circa 10,000 parking spaces 26m p.a. Circa 1.3bn p.a.
INVESTMENT & BENEFITS INVESTMENT WESTFIELD MILAN TO INVEST 1.4BN IN ITALY WESTFIELD TO INVEST 210M+ IN INFRASTRUCTURE NEW RETAILERS TO ITALY SUCH AS GALERIES LAFAYETTE JOBS 44,000 NEW JOBS (27,000 CONSTRUCTION, 17,000 RETAIL) 250M IN ANNUAL EMPLOYMENT INCOME REGENERATION SEGRATE: A RENEWED SHOPPING, TOURIST, RESIDENTIAL AND COMMERCIAL DESTINATION GOVERNMENT REVENUE 60M INCOME TAX 270M VAT
DRIVE VISITATION AND TURNOVER THROUGH BESPOKE CAMPAIGNS FOR LUXURY, FASHION, FOOD AND ENTERTAINMENT & LEISURE. CREATE AN ICONIC NEW LANDMARK THROUGH WORLD CLASS MARKETING CAMPAIGNS CREATE A FUTURE OF DIGITAL AND PHYSICAL CONVERGENCE DELIVERING TO CHANGING SHOPPER BEHAVIOURS.
WESTFIELD MILANO URBAN REGENERATION AND SOCIAL INNOVATION
WESTFIELD MILAN IS COMMITTED TO BE A RESPONSIBLE CORPORATE CITIZEN. THE COLLABORATION WITH ALL OUR STAKEHOLDERS IS INTEGRAL TO OUR APPROACH TO SUSTAINABILITY AND TO OUR SUCCESS AS A BUSINESS. OUR SEGRATE COMMUNITY PROGRAM INVOLVE US PROACTIVELY ENGAGING WITH CITY LEADERS, LOCAL BUSINESS, LOCAL AND NATIONAL AUTHORITIES TO DISCUSS AND COLLABORATE ON MATTERS SUCH AS SITE PLANS REVIEWS, TRANSPORTATION ALTERNATIVES, ENVIRONMENTAL STRATEGY AND SUPPORT OF LOCAL SCHOOLS AND CHARITIES.
THE PROJECT IS LIVE AND MOVING WESTFIELD MILANO CASSANESE BIS TRATTO GIALLO
WESTFIELD MILANO LAYOUT & RETAIL MIX
Milano RETAIL MIX Piano Terra Retail & Fashion Luxury Village Department Stores Leisure & Entertainment Food & Beverage
Milano RETAIL MIX Primo Piano Retail & Fashion Luxury Village Department Stores Leisure & Entertainment Food & Beverage
Milano RETAIL MIX Secondo Piano Retail & Fashion Luxury Village Department Stores Leisure & Entertainment Food & Beverage
Milano RETAIL MIX Terzo Piano Retail & Fashion Luxury Village Department Stores Leisure & Entertainment Food & Beverage
WESTFIELD MILANO INFRASTRUCTURES 17
WESTFIELD MILANO CASSANESE BIS R= 1,5KM R= 1,5 KM
RETAILER PLANS PROPOSED TRANSPORT IMPROVEMENTS FOR EAST MILAN A NEW TRANSPORT HUB IN EAST MILAN NEW STATION PROVIDING SUBURBAN, REGIONAL & HIGH SPEED RAIL SERVICES ROAD LINK TO THE RIVOLTANA IN THE SOUGH EXTENSION OF METRO FROM PROPOSED STATION AT LINATE TO WESTFIELD MILAN 19
WESTFIELD IN ITALY 20
WESTFIELD IN ITALY Challenges in terms of Language, Culture, Politics and Legal System Exceptional Opportunity Limited Supply with excellent demographics Incredibly complex project APPROACH JV with Italian Company Building capability through employing local experts Assistance from Australian Embassy Assistance from MISE and ICE Best of Westfield with Best of Italy
COMITATO ATTRAZIONE INVESTIMENTI ESTERI - SEGRETERIA TECNICA Actual Position / Next Steps Relevant Authority 1. Yellow Track 2. Blue Track 3. Red Track 4. Intermodal Hub 1. Yellow Track CIPE Deliberation (06.08.2015) PEF Approval (Economical and Finanziario Plan) Milano Serravalle (2013-2017) Yellow TRACK Milano Serravalle Strat Works Corte dei Conti MIT + MEF Corte dei Conti Milano-Serravalle - SVCA 2. Blue Track 3. Red Track Executive project approved by Citta Metropolitana in the Conference of Services (22.10.15) Definitive Design approved by the CIPE (Resolution no.62 08.08.13) Executive Design prepared by Westfield Milano (under presentation) Yellow Track Start Works (necessary) Landscape Authorisation (if necessary) Cancellation of the Area Ex-Dogana Seizure Order Westfield Milano Start Works Executive Design approval and validation by Città Metropolitana Città Metropolitana to appoint Westifeld Milan as Tendering Authority role Works Start MIBACT MIT Città Metropolitana CDP MIT / CIPE ANAC Region Città Metropolitana Municipality of Segrate MIBACT MEF DescrIption Investment Realization of Yellow Track Cassanese Bis section (which will connect Milan with Westfiel Milano) Delivered by Milano- Serravalle (pending approval by PEF - Economic and Financial Plan) Westfield: 5M Euros for design variants Section to be delivered by Westfield following the start of Yellow Track works (the blue track will connect the yellow section and the red section, in addition to serving the Westfield area) Red Track to be delivered through the Westfield Tender Authority (colnnecting Westfield area with BRE- BE-MI motorway) Segrate railstation to be moved into the Westfield area Porta Est to become a highspeed rail hub Cassanese Bis- Rivoltana road network (to connect the southern road system ) Connection to Linate Airport Westfield: 5M Euros Estimated Total Economical and Financial Cost: 165M Euros Plan to be defined 2019 4. Multimodal Hub Informal discussion with the Region, Citta Metropolitana, Municipality of Segrate, RFI PUMS Milan Forecast PRMT Forecasts - Region Urban Planning Convenzione Segrate Working Group insitution among MIT, MEF and relevant Authorities Economical and Fianancial Plan Definition MIT MEF Region, CM, Municipalities of Segrate, Pioltello, Milano RFI ENaC Not included in the AdP3 2009 (Planning Agreement)
Milano THANK YOU www.westfieldmilano-project.com