Dexus, one of the country’s largest real estate landlords, will have to sell an $830 million stake in Sydney’s massive Macquarie Centre to UniSuper and Cbus Property after the superannuation giants successfully argued in court that they had the right to take over the entire shopping mall.

Macquarie Centre is one of the city’s biggest retail precincts and is worth $1.7 billion. It is half owned by UniSuper and Cbus Property, the real estate arm of the eponymous industry superannuation fund, with the remaining stake owned by a wholesale fund operated by Dexus.