Westfield Shoppingtown Santa Anita: $113 Million Renovation Offers San Gabriel Valley Shoppers More Shopping, Dining and Entertainment.

ARCADIA, Calif. -- Expansion Grand Opening Slated for October 1, 2004

San Gabriel Valley shoppers will experience 250,000 square feet of new specialty shops, restaurants, and entertainment options at Westfield Shoppingtown Santa Anita's expansion grand opening slated for October 1, 2004. The property currently features a mix of 151 specialty stores, four major department stores, and a food court with 11 eateries. The $113 million redevelopment will add a 16-screen AMC Theater complex, 30 new specialty stores including a Sport Chalet, Borders Books Music Cafe, and the first Los Angeles County location of Dave & Buster's. A new 12,000 square-foot food court and numerous new sit-down restaurants including Wood Ranch BBQ & Grill, Bacchus Wine & Champagne Bistro and McGrath's Fish House will provide guests with new dining experiences.

Combining the best of traditional fashion retailing with innovative elements such as alfresco dining, leading edge entertainment and superior customer service amenities is described by Westfield's Senior Executive Vice President of Development, David Doll, as the new "Hy-Style" development concept. "At Santa Anita, we have taken an incredible shopping center and added new elements and energy to create a fun family experience. This truly will be San Gabriel Valley's destination for shopping, dining, and entertainment."

Three major architecturally designed spaces comprise the 250,000 square foot expansion area: the outdoor restaurant plaza, a skylight-atrium that bathes the new Food Court in natural sunlight, and a new retail wing. The outdoor plaza, finished in pre-cast colored concrete flooring with striking pop-out storefront & restaurant designs brings life, energy and new outdoor dining experiences to the center. A dramatic two-story high skylight-atrium ceiling will top the nearly 12,000 square foot Food Court seating area that is enclosed by two gently curving banks of delectable food court eateries on opposite sides of the seating area. A new retail district links the atrium space to the original center and a new entry court for the existing Robinsons-May department store.

New lifestyle and entertainment venues opening at Westfield Shoppingtown Santa Anita include:

--AMC 16-Screen Theater. One of the largest motion picture exhibitors in the United States, AMC is known for providing a state-of-the-art movie-going experience for its customers. Each theater features loveseats and stadium-style seating with digital surround sound and cutting-edge projection technology.

--Dave & Buster's. Dallas based entertainment giant Dave & Buster's makes its Los Angeles County debut with over 50,000 sq. ft. of food and drink, fun and games. Dave & Buster's offers an outstanding variety of menu offerings from early lunch to late night dinner. Guests can enjoy the "Million Dollar Midway" packed with vast array of state-of-the-art video games and simulators.

--Sport Chalet. One of the nation's largest full-line sporting goods retailer offers 42,000 square feet of brand-name products for beginners to experts. Sport Chalet offers more than 35 sporting services in-store, including SCUBA repair facilities, bicycle assembly and tune-ups, tennis racket stringing, golf club re-gripping, and a golf club demonstration area.

--Borders Books Music Cafe. Borders is a leading global retailer of books, music and movies. The 24,000 square foot store will offer up to 200,000 book, music, DVD and periodical titles in a comfortable "living-room" environment along with gourmet coffees, tea, beverages and light food items from Cafe Borders.

New restaurants opening at Westfield Shoppingtown Santa Anita include:

--Bacchus Wine & Champagne Bistro. Known for its delicious food, gourmet items and unique collection of rare wines, this innovative bistro will offer an extensive variety of wines and seat 100 guests in a contemporary vineyard setting. Built on an elevated open area directly below a soaring skylight in the center of the new Food Court atrium, the Bistro will feature fabulous celebrity chefs dinners where the chef will pair wine with a course of foods. California wine-makers will be featured every other month and will teach the basics of understanding wines and foods.

--McGrath's Fish House. Making its California debut, this family-owned Portland, Oregon restaurant has been serving up fresh, affordable seafood for more than 25 years. Each dish, including their famous clam chowder, fresh fish, seafood salads and Fisherman's stew, is expertly prepared and served in an inviting, waterfront-style restaurant. The theme of a rustic Northwest cannery is incorporated with dockside charm creating an atmosphere that's entertaining and casually comfortable. McGrath's also includes a Raw Bar, a live lobster and crab tank, and a variety of steaks, chicken and pasta dishes.

--Wood Ranch BBQ & Grill. Best friends, Eric Anders and Ofer Shemtov, founded the original Wood Ranch BBQ & Grill in 1992 in Moorpark, California. They continue their vision of offering guests quality food, courteous service and unbeatable value in a rustic dining room atmosphere at this new Santa Anita location. Known for serving up large portions of beef, chicken and ribs doused in a signature smoky-sweet barbecue sauce, Wood Ranch is a family-oriented grill which was voted by Hospitality Magazine to have one of the top ten Kid's Menu in the country.

--Cafe Verona is a contemporary interpretation of an "Authentic Italian Coffee House" featuring the delicious combination of espresso, gelato and panini. Lavazza, the leading brand of blended coffees best known in Italy and France, will be the featured coffee/espresso. Under its outdoor canopy, Cafe Verona will seat approximately 50 people and will have the architectural flavor and feeling of an outdoor cafe in Venice.

Among the new specialty stores and Food Court eateries are: American Eagle Outfitters, Finish Line, Bakers, Sweet Factory, Bliss, Trade Secret, Nuvo Laser Skin, Nail Trix, Lids, Helzberg Diamonds, Woomi Sushi, Rocky Mountain Chocolate Factory, Wetzels Pretzels, Hot Dog on A Stick, Sbarro's, Great Steak & Potato, China Inn, and Great Kahn's Mongolian Festival.

As with other super-regional centers, shopping and entertainment are not the only benefit to the area. The local economic benefits from the expansion and redevelopment of Westfield Shoppingtown Santa Anita will result in an increase of approximately 750 full and part-time jobs. An estimated $23.4 million in sales tax revenue is currently generated annually. With the expansion, it is estimated that the Shoppingtown will generate $27.6 million in annual sales tax revenue, an increase of $4.2 million in sales tax revenue per annum. Additionally, the City of Arcadia will see approximately $500,000 in new sales taxes from the expansion, bringing the total estimated annual sales tax revenue for the City of Arcadia to $3.2 million.

Westfield Shoppingtown Santa Anita is located in Arcadia, California, just south of the 210 Freeway and adjacent to the well-known Santa Anita racetrack, at the intersection of Baldwin Avenue and Huntington Drive. Hours are Monday through Friday, 10:00 A.M. - 9:00 P.M, Saturday, 10:00 A.M. - 8:00 P.M., and Sunday, 11:00 A.M. - 6:00 P.M. For more information, please call the Shopping Concierge Center at (626) 445-MALL, or visit the Shoppingtown online at www.westfield.com.

Westfield Shoppingtown Santa Anita is owned by the Westfield Group (ASX:WDC), an Australian-based company with interests in 123 shopping centers in Australia, New Zealand, the United Kingdom and the United States. In the U.S., the Westfield Group has a portfolio of 66 shopping centers, branded as Westfield Shoppingtowns. These centers are home to more than 8,900 specialty stores and comprise approximately 68 million square feet of leasable space in California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio and Washington.