Scentre Group Limited Overview
Pro stress-test →Scentre Group owns the largest premium shopping center portfolio in Australia and New Zealand, operating 42 Westfield malls including seven of the top 10 malls in Australia by sales turnover and four of the top five in New Zealand. The company has interests in total assets worth A$38.6 billion, owning 42 shopping centres with over 3.8 million square metres of retail space.
Strategic Profile
Pro stress-test →Scentre Group undertakes ownership, development, design, construction, funds/asset management, property management, leasing, and marketing activities for its centres. The vast majority of the company's income is derived from rents, with the group also earning small management fees for managing properties and development projects on behalf of capital partners.
Competitive Landscape
Pro stress-test →Scentre Group owns the largest premium shopping center portfolio in Australia and New Zealand, operating 42 Westfield malls including seven of the top 10 malls in Australia by sales turnover and four of the top five in New Zealand. Key competitors include Dexus, Vicinity Centres (Stockland), and Charter Hall, which collectively operate competing regional shopping centres and mixed-use properties across the ANZ region.
Industry Context
Scentre Group Limited operates in Real Estate Investment Trust (REIT) - Retail Property.
Key facts
Founded: 2014 · Headquarters: Sydney, Australia · Employees: 2,964 · Revenue: $1.73B · Market cap: $14.5B