Scentre Group Limited
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July 1, 2020
Updated on:

Scentre Group Limited

Revenue:
AUD 2,160.9 million (2019)
Profit:
AUD 1,187.6 million (2019)
Employees:
2,341 (2019)
GICS Industry Group:
Headquarters:
Sydney, New South Wales, Australia
Founded:
30 June 2014
Current CEO:
Peter Kenneth Allen (30 Jun 2014–)
Parent:
This is the ultimate parent

Description

Scentre Group Limited (Scentre Group) owns and operates a portfolio of retail real estate assets in Australia and New Zealand.

For the year end 31 December 2019, Scentre Group had retail real estate assets under management valued at AUD 56.0 billion and shopping centre ownership interests valued at AUD 38.2 billion. The company's assets were comprised of 42 Westfield living centres. Scentre Group is a vertically integrated business that undertakes management, leasing, development, design and construction.

Scentre Group was established on 30 June 2014 through the merger of Westfield Retail Trust and Westfield Group’s Australian and New Zealand management business.

Scentre Group Limited is listed on the Australian Securities Exchange (ASX) under the code SCG.

In Australian Dollars (AUD)
In Australian Dollars (AUD)
In Australian Dollars (AUD)
No items found.

Operating Segments:

Property - Scentre Group's property revenue for the year end 31 December 2019 accounted for 82.59% (AUD 2,160.9 million) of total revenue.

Property development and construction - Scentre Group's property development and construction revenue for the year end 31 December 2019 accounted for 15.17% (AUD 396.8 million) of total revenue.

Property management - Scentre Group's property management income for the year end 31 December 2019 accounted for 2.24% (AUD 58.7 million) of total revenue.

Mergers and Acquisitions:

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