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Home World Australia

Westfield owner Scentre Group steps up plans to transform landholdings into new dwellings

25 August 2025
in Australia
0
Westfield owner Scentre Group steps up plans to transform landholdings into new dwellings
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Scentre Group, Australia’s largest retail landlord, is collaborating with governments and potential partners to develop over 4,100 new dwellings on its land in Hornsby and Belconnen, following recent rezoning approvals. The company reported a 93.7% increase in net profit to $782.2 million for the first half of 2023, driven by a rise in customer visits and strong retail sales at its Westfield centres.

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Tags: BusinessCommercial PropertydwellingsGrouplandholdingsownerPlansRetailScentreStepsTransformWestfield
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