Scentre Group

Scentre Group Limited
Company typePublic
ASX: SCG
IndustryReal estate development
Shopping centre management
PredecessorWestfield Group
Founded2014; 10 years ago (2014)
(as a spin off from Westfield Development Corporation founded 1960), listed on the Sydney Stock Exchange)
Headquarters85 Castlereagh Street,
Sydney
,
Australia
Area served
Australia
New Zealand
Key people
Ilana Atlas (Chair)[1]
Elliott Rusanow (CEO)[1]
Total assetsA$40.9 billion (2015)[2]
Number of employees
2,964 (2024)[3]
Websitewww.scentregroup.com

Scentre Group Limited is a shopping centre company with retail destinations operating under the Westfield brand in Australia and New Zealand. The corporation undertakes ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres. The group was created in June 2014 when the Westfield Group separated its American and European businesses from its operations in Australia and New Zealand.[4] The company is listed on the Australian Securities Exchange and had a shopping centre portfolio that includes investment interests in 42[5] shopping centres across Australia and New Zealand in 2019, encompassing around 12,544 retail outlets and total assets under management in excess of A$39.4 billion in 2015.[2]

  1. ^ a b "SCG.AX - Scentre Group Profile | Reuters". Reuters.
  2. ^ a b "SCENTRE GROUP FORECASTS FFO GROWTH OF 3.5% TO 22.5 CENTS PER SECURITY FOR 2015" (PDF) (Press release). Scentre Group. 24 February 2015. Retrieved 5 March 2015.
  3. ^ Scentre Group 2023 Annual Financial Report (PDF) (Report). 21 February 2024.
  4. ^ "SCENTRE GROUP (ASX: SCG) – IMPLEMENTATION OF WESTFIELD GROUP RESTRUCTURE" (PDF) (Press release). Scentre Group. 30 June 2014. Retrieved 10 October 2014.
  5. ^ "Shoppers met with buckets and rags at the new $790m Westfield Newmarket mall". Stuff.co.nz. 15 October 2019. Retrieved 15 October 2019.