Westfield owner Scentre’s mall buying spree not done
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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