This $2.5b shopping mall deal could help solve the housing crisis
By selling a stake in one of its Brisbane malls, Westfield owner Scentre Group can create growth options from its 650 hectare land bank. But one problem stands out.
The pull of history is always going to be strong for Elliott Rusanow, chief executive of Scentre Group, which owns and operates the Westfield shopping mall network.
Not only is he a 25-year veteran of the company, who worked his way up to chief financial officer before taking the top job in 2022, but he is nephew (by marriage) of Westfield co-founder Frank Lowy.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
