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Showing 1 - 10 of 32 results for "Scentre"

Lowy family takes stake in Magellan

KARREN VERGARA  |  TUESDAY, 10 MAR 2026
... currently a board member of the Lowy Institute. Frank Lowy co-founded the Westfield Group in 1960. In 2014, it was split into Scentre Group or Westfield-branded shopping centres in Australia and New Zealand, and Westfield Corporation. LFG is the private ...

ART takes 20% stake in Westfield Sydney, hands mandate to QIC

RIDDHIMA TALWANI  |  WEDNESDAY, 24 DEC 2025
Australian Retirement Trust (ART) will snap up 19.9% stake in Sydney's iconic Westfield mall from Scentre Group for $864 million. Scentre Group will retain 80.1% of the retail asset and remain its property, leasing and development manager. QIC will ...

Dexus doubles stake in Brisbane shopping centre to 50%

RIDDHIMA TALWANI  |  FRIDAY, 12 DEC 2025
... to seed the first fund in the series DSIT1. The real estate asset manager has bought the stake in shopping centre from Scentre Group for $683 million, reflecting a market capitalisation of 5%. This follows Dexus Wholesale Shopping Centre Fund's acquisition ...

MA Financial sees record gross inflows

RIDDHIMA TALWANI  |  THURSDAY, 23 OCT 2025
... end its investment management agreement effective February next year, and the property management will be taken up by Scentre Group. However, it noted that this will have an immaterial impact on its earnings as the contracted services deliver a fee margin ...

Dexus rebuilds DWSF with $683m investment

ELIZA BAVIN  |  WEDNESDAY, 23 JUL 2025
The Dexus Wholesale Shopping Centre Fund (DWSF) exchanged contracts with Scentre Group to acquire a 25% stake in Westfield Chermside, Brisbane, for $683 million. This fresh investment comes after Dexus Funds Management launched court action against ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... similar story with a $1.5 billion loss as it hopes the overhaul of its business model will change its fortune. Meanwhile, Scentre Group in its half-year to June results earned $1.3 billion in property revenue and statutory profit of $404 million. It ...

Barrenjoey, Scentre Group establish jointly managed fund

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
Barrenjoey Private Capital and Scentre Group have established a jointly managed fund to purchase a 50% stake in Adelaide's Westfield Tea Tree Plaza and the adjoining Tea Tree Plus for $308 million. CBRE head of retail capital markets - pacific, Simon ...

Industry high flyers join JANA board

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
... corporate and financial services sector. She currently serves as a non-executive director of Westpac Banking Corporation and Scentre Group and has previously held non-executive director roles at Telstra and Bank of Queensland. Before her board career ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... a shopping centre at a premium," he said. He added retail valuations are "holding up really well", with companies like Scentre Group and Vicinity trading at discounts to book. "The book values are proving to be okay," he said. "On the other hand, you ...

ANZ becomes first Australian bank to develop stablecoin

CHLOE WALKER  |  FRIDAY, 25 MAR 2022
... digital banking guarantee on the Lygon blockchain platform and is a founding partner alongside Commonwealth Bank, Westpac, Scentre Group and IBM.
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