Scentre Group | REIT Profile

Symbol: SCG
CIK: 754737
Exchange: ASX
Founded: 2014 (10 years)
HQ: Sydney, NSW, Australia
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Retail

See SCG on Yahoo Finance

Scentre Group owns and operates the pre-eminent shopping centre portfolio in Australia and New Zealand with retail real estate assets under management valued at $47.4 billion and shopping centre ownership interests valued at $33.6 billion. This comprises 39 Westfield shopping 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 shopping 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 spaces. Many shopping centres in the portfolio are owned in partnership with leading property investment institutions. Westfield shopping centres are an essential part of the community's social and economic fabric and in 2016 more than 525 million customers visits were made with some $22.9 billion in retail sales 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.