Scentre Group owns and operates the pre-eminent living centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $55.3 billion and shopping centre ownership interests valued at $39.7 billion. This comprises 42 Westfield living centres which have strong franchise value and the ability to attract the world’s leading retail brands.
Scentre Group’s strategy is to own interests in the highest quality regional living centres in its markets and to invest in these assets through redevelopment opportunities, ensuring that the Group’s shopping centres enrich communities by providing extraordinary retail places. Many centres in the portfolio are owned in partnership with leading property investment institutions. Westfield living centres are an essential part of the community’s social and economic fabric and in 2018 more than 535 million customers visits were made to centres across Australia and New Zealand.
Scentre Group works with the world’s leading retail and luxury brands to create a unique shopping and leisure experience. The Group manages every aspect of its portfolio – from design, construction and development to leasing and retail solutions, asset management and marketing – ensuring that its centres constantly meet the highest expectations of today’s retailers and consumers.
Scentre Group was created on 30 June 2014 through the demerger of Westfield Group, and the merger of its Australian and New Zealand operating platform and management with Westfield Retail Trust.