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An update from Scentre Group ( (AU:SCG) ) is now available.
Scentre Group has brought Australian Retirement Trust in as a new joint venture partner at Westfield Sydney, with the superannuation fund acquiring a 19.9% stake for $864 million, in line with the centre’s June 2025 book value at a 4.69% capitalisation rate. Scentre will retain an 80.1% interest and continue to manage property, leasing and development, reinforcing its control over one of Australia’s flagship CBD retail assets, which attracts more than 33 million customers annually and generated $1.1 billion in sales in 2024. The deal is part of Scentre’s broader capital recycling strategy, following the recent $1.3 billion joint venture at Westfield Chermside, and lifts announced third-party capital inflows in 2025 to about $2.2 billion. After investing $3.3 billion in the Westfield Sydney precinct over time, and selling its three office towers in 2019, Scentre has now realised roughly $2.4 billion from the asset, leaving a net investment of $0.9 billion against a remaining 80.1% stake valued at $3.5 billion, effectively quadrupling its capital since acquisition and underscoring its ability to unlock value for securityholders while maintaining operational control.
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) is a retail property owner and operator that manages 42 Westfield-branded shopping destinations across Australia and New Zealand, comprising around 12,000 retail outlets. The group focuses on creating large-scale, mixed-use retail and lifestyle precincts in prime urban locations, aiming to be an essential hub for consumers, communities and tenant businesses through premium shopping, dining and experiential offerings.
Average Trading Volume: 9,000,341
Technical Sentiment Signal: Buy
Current Market Cap: A$21.88B
Learn more about SCG stock on TipRanks’ Stock Analysis page.