Scentre Sells Stake in Westfield Sydney to Super Fund ART for $864m

Scentre sells stake in Westfield Sydney to super fund ART for $864m

The largest single-asset retail property transaction in Australia adds to the pool of funds the mall operator is building up to develop housing at its sites.

Australian retirement fund to buy A$864 million stake in Westfield Sydney mall

The sale price matches the property’s value in Scentre’s books

Scentre Group brings new partner into Westfield Sydney in $864m deal

The Scentre Group Ltd (ASX: SCG) share price is in focus after the company announced Australian Retirement Trust (ART) will acquire a 19.9% stake in Westfield Sydney for $864 million. Scentre will retain an 80.1% interest and remain property, leasing, and development manager. What did Scentre Group report? ART to acquire 19.9% of Westfield Sydney for $864 million Transaction price reflects June 2025 book value and a 4.69% capitalisation rate Sc…