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Scentre Group ( (AU:SCG) ) has shared an update.
Scentre Group has announced a new joint venture with a Dexus managed fund, selling a 25% interest in Westfield Chermside, Brisbane for $683 million. This transaction aligns with Scentre Group’s long-term capital management strategy, introducing approximately $1.3 billion of new capital to support its strategic objectives and sustainable growth.
The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.60 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
Scentre Group (ASX: SCG) owns 42 Westfield destinations across Australia and New Zealand, encompassing 12,000 outlets. The company focuses on creating extraordinary places that connect and enrich communities, with a plan to make these destinations more attractive to visitors and businesses.
Average Trading Volume: 8,658,029
Technical Sentiment Signal: Buy
Current Market Cap: A$21.31B
See more data about SCG stock on TipRanks’ Stock Analysis page.