Scentre Group shares steady as the Real Estate sector surges on Wednesday
Here is the latest company close update for Scentre Group, SCG.
Scentre
ASX ends flat amid rate concerns; ASIC to probe WiseTech saga
January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr’s $360m-plus bid.
Interest rates need to fall to support economy: Scentre CEO
Elliott Rusanow says interest rates need to be ‘materially lower’, and the lack of affordable housing in bit cities is a ‘handbrake’ on labour market efficiency.
Shopping centres to swing into housing crisis
The owner of the Westfield empire is planning to take a greater role in solving the country’s housing crisis by using airspace above its centres and on surrounding land for accommodation.
Westfields ring up record sales as malls come back into vogue
Scentre boss Elliott Rusanow says the focus is on attracting more people to its 42 Westfield properties and that shopping centres have re-emerged from difficult economic conditions.
Westfield owner teams with bank to lock in funds deal at Adelaide mall
The purchase shows that big players are again buying top centres and more sales are underway.
Patient Westfield considers options
Scentre Group, the owner of the shopping centre empire, has beefed up security and says that shoppers are spending in complexes despite the tough environment.
ASX rises after late surge; Brambles, Healius, WiseTech top gainers
Energy sector dips while tech stocks soar. Santos, Corporate Travel, IAG, Domino’s down earnings miss expectations. Brambles’ $500m buyback wins over investors. New CEOs at Perpetual, Atlas Arteria as PEXA search begins. WiseTech hits record.
Scentre, Barrenjoey team up for next Adelaide mall play
The shopping centre landlord is turning funds manager as it looks to capitalise on the sector’s big shift, but the deal confirms the value of big centres has dropped.
Scentre teams with Barrenjoey for Tea Tree Plaza stake
The sale of a stake in Adelaide’s second largest shopping centre signals that the market for big retail malls is again on the move.
What’s next for markets depends on Israel
Amid an uneasy calm, global financial markets await Israel’s response to Iran’s unprecedented drone and missile strike. Also today: Star falls; ASIC executive changes.
Scentre turns funds manager to lock in plaza
The owner of the local Westfield and investment bank Barrenjoey have launched an unlisted trust that will own a half interest in Adelaide’s second largest shopping mall.
Activist shareholders stir up Westfield owner AGM
Former Rothschild banker David Kingston took the Scentre board to task over its strategy and performance at the Westfield mall owner’s AGM.
ASX 200 rises, led by tech and property
Westfield owner Scentre gets first strike over pay report. Household spending rises. Building approvals fall. Rio Tinto AGM tonight as faces possible Norway fund sale. Seven’s Boral bid not fair or reasonable: independent expert.
Half stake in Tea Tree Plaza picked up from Dexus fund
The top end of the mall market is in for a big reset with a stake in Adelaide’s Tea Tree Plaza trading at a discount to the value Westfield owner Scentre is believed to hold its interest.
Westfield malls beat the consumer squeeze
Scentre, which owns the Westfield shopping centre empire, says that policy settings are working in its favour and more people are in malls.
Scentre lures more shoppers back to Westfield centres
The company behind Westfield shopping centres has ramped up its strategy to create destinations with a 10 per cent increase in visitors this year and a jump in earnings.
ASX flat as BHP, Coles, Woodside falls weigh
Altium, Megaport led tech sector gains. Worst day since 2020 for Coles. Redbubble wins support on cost-cutting focus. HUB24 lifts on profit jump. Telstra’s best day in 16 months.
Salwin the Scentre of attention in new role
Former UBS banker, Aspen boss and Stockland executive Clem Salwin is believed to have landed a top executive role at Westfield shopping centre owner Scentre.
Scentre ditches Barangaroo site as design fight drags on
The Sydney Harbour project is yet to get off the ground amid a tortuous fight over designs, and the move by Scentre to exit leaves the entire site now in the hands of developer Aqualand.
Westfield wins as customers come back to malls
Scentre, owner of the local Westfield mall empire, is bringing customers and sales have jumped.
Shoppers head back to Westfield as Scentre chairman departs
The shopping centre giant has unveiled changes at the top of the company as seven of its Westfield destinations generate more than $1bn in annual sales.
ASX ekes out small win for eighth day
Bourse adds a point as tech leads gains. RBA boss warns rate hikes not over. Citi downgrades Woodside, Santos. Viva buys OTR for $1.2bn. Magellan falls on outflows hit.
Scentre investors revolt against ex-Crown boss
The owner of the local Westfield empire, Scentre Group, faces investor opposition over plans to elect former Crown Resorts chief Steve McCann to its board.
ASA seeks to block Steve McCann’s Scentre seat
The Australian Shareholders Association says Scentre Group has made a poor choice in nominating the former Crown Resorts and Lendlease boss as a director.
Scentre rides return of shoppers to Westfield malls
New CEO Elliott Rusanow has delivered a bullish first set of results as shoppers flock back to the company’s Westfields.
ASX ends down; Rio Tinto profit tumbles 41pc
ASX falls after Domino’s sharpest fall on record. Wages growth less than expected. Origin takeover offer cut. Scentre lifts guidance. Rio Tinto to pay $US2.25 final dividend.
Westfield rides a tide of mall cheer as shoppers return
Customers are back at malls and a big festive season is expected, according to Westfield owner Scentre.
GPT the latest property company hunting for a new chief
Scentre, Mirvac, Lendlease, Stockland – and now add GPT to the list of property companies seeking new leadership.
Westfield can ‘absolutely’ still grow market share
Scentre Group results were remarkably bullish about the outlook for Westfield shopping centres even in the face of rising inflation.
Original URL: https://www.theaustralian.com.au/topics/scentre