Scentre Group

Company Profile

• Business description

  Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning most of the top 10 Australian and top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants. About a third of floor space is currently allocated to department stores, however we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. While almost every Scentre mall is anchored by at least one supermarket, these tenants accounts for less than 10% of gross lettable area, due to the large size of Scentre’s assets.Scentre Group is engaged in ownership, development, design and construction of real estate properties. It owns the largest portfolio of premium Australian and New Zealand shopping malls.

• Contact

  85 Castlereagh Street
  Level 30
  Sydney NSW 2000
  AUS

  T: +61 293587000

  E: investor@scentregroup.com

  https://www.scentregroup.com

• Sector

  Real Estate

  Stock type

  Cyclical

• Industry

  REIT - Retail

  Fiscal Year End

  31 December 2023

  Employees

  3,129