Westfield Milan SpA
Westfield Milano is a joint venture between Westfield Corporation, one of the world’s leading shopping centre groups (75% of the development), and Stilo Immobiliare Finanziaria (operating through Arcus Real Estate). The joint venture is investing €1.4bn to develop, in Segrate, the largest shopping destination in Italy: Westfield Milano. It is anticipated that Westfield Milano will generate €1.3bn in retail sales. Westfield Milano aims to be the best neighbour for Segrate. The project will have a significant impact on the area of Milan by creating 44,000 new jobs in Italy (27,000 during the construction phase and 17,000 for per-manent retail). Westfield Milano will make an active contribution to the local community and will deliver important investments in infrastructures
Westfield Milano will be the largest retail, dining and leisure destination in Italy, with a focus on creating the best customer experience. Across 185,000 sqm of GLA, Westfield Milano will feature over 380 stores including luxury, over 50 restaurants and 10,000 parking spaces. French luxury department store, Galeries Lafayette will open its first store in Italy at Westfield Milano and will join other outlets such as UCI Cinemas which will open a 16-screen cinema as well as retailers from the Coin Group including Coin Excelsior and OVS. Westfield Milano will offer the best in fashion, dining, leisure and entertainment as well as customer and tourism services.
Total area: 240,000 sqm (SLP)
di cui GLA: 185,000 sqm (GLA)