Rent collection by Scentre, the operator of Westfield centres and the country’s largest listed retail landlord, is back at pre-COVID-19 levels as foot traffic nears normal and its malls are close to fully leased.
Over the first four months this year, Scentre collected $802 million of gross rent, including $601 million during the first quarter. That represents an increase of 27 per cent, or $169 million, compared to the first four months last year.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
