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Westfield owner Scentre’s mall buying spree not done

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Australia’s biggest shopping centre owner, Westfield operator Scentre, is eyeing off more opportunities for funds management in the malls sector after wrapping up two deals in quick succession, worth close to $500 million.

More big moves may be on the cards, with chief executive Elliott Rusanow running his ruler over a $20 billion group of its prized assets, such as Westfield Sydney, which Scentre owns outright. Scentre will consider opening up that ownership to joint-venture partners.

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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/property/commercial/westfield-owner-scentre-s-mall-buying-spree-not-done-20240821-p5k40n