Westphalia East Update 01/02/24

Westphalia Dev. Corp. Zoning & Entitlement Developments and Personnel Update

Westphalia Dev. Corp. (the “Corporation”) announced today important information pertaining to the Corporation’s assets, along with some personnel updates. The Corporation was formed in March 2012, for the development of a 310-acre Westphalia property located in Prince George’s County, Maryland, United States. The Corporation is managed by Walton Global Investments Ltd. (the “Manager” or “Walton Global”).

Zoning & Entitlement Development

The Corporation is pleased to announce the unanimous approval of its Commercial Infrastructure Detailed Site Plan for the Westphalia Town Center Master Plan by the Maryland-National Capital Park and Planning Commission (the “Approval”). The Approval is the result of collaboration between the Corporation and the Manager with the Westphalia community and the Prince George’s County government and political leadership, who have worked together in partnership to advance the project. The Westphalia Community and the political and government leadership were instrumental in completing the Approval process.

The Corporation believes that receipt of the Approval is a major step towards bringing a vibrant mixed-use project to the Westphalia community, which is expected to include a grocery anchored shopping center with vital retail and restaurant uses. Additionally, the project is expected to consist of an exciting and much needed mix of multifamily homes, townhomes, and a hotel.

Personnel Update

The Corporation announces that Justin Burch has resigned as the Chief Financial Officer of the Corporation as of December 1, 2023.

Autumn Habermehl has been appointed as Chief Financial Officer of the Corporation effective January 1, 2024. Autumn is a Chartered Professional Accountant and has a degree in Business Administration. Autumn has been with Walton Global since 2017 and began working on the Westphalia project beginning in Q3, 2020. Before joining Walton Global, Autumn was the controller of an insurance and home warranty brokerage in Edmonton, Alberta.

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