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The latest update is out from Scentre Group ( (AU:SCG) ).
Dexus has announced a strategic investment in the Dexus Wholesale Shopping Centre Fund (DWSF) by acquiring a 25% interest in Westfield Chermside for $683 million. This acquisition aligns with DWSF’s strategy of owning market-leading retail assets and is supported by Dexus’s additional $170 million investment, enhancing the fund’s appeal and performance. Additionally, Dexus has divested two properties, generating proceeds of $153.5 million, which will contribute to trading profits for FY26. These moves are part of Dexus’s broader strategy to optimize its portfolio and support future growth.
The most recent analyst rating on (AU:SCG) stock is a Hold with a A$3.74 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.
More about Scentre Group
Dexus (ASX: DXS) is a leading Australasian real asset group, managing a high-quality portfolio valued at $53.4 billion, including office, industrial, retail, healthcare, infrastructure, and alternative assets. The company operates both an investment portfolio and a funds management business, with a strong track record in delivering performance and managing a $15.6 billion real estate development pipeline. Dexus is committed to sustainability and is supported by over 38,000 investors globally.
Average Trading Volume: 10,197,864
Technical Sentiment Signal: Buy
Current Market Cap: A$19.56B
For detailed information about SCG stock, go to TipRanks’ Stock Analysis page.