Dexus will be forced to relinquish a half-stake in Sydney’s Macquarie Centre shopping mall, valued at $830 million, after a court sided with superannuation giants and forced the ASX-listed landlord to sell.

Dexus has been in dispute with UniSuper and Cbus Property for control of the asset, one of the city’s largest retail precincts, and had appealed to the Supreme Court of NSW to keep its share of the property. The two industry super funds had accused Dexus of inadvertently breaching a pre-existing agreement when it acquired its half-stake in the $1.7 billion mall.