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

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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