Operating under the Westfield brand in Australia and New Zealand, Scentre Group Limited has a portfolio of retail real estate assets valued at $54.2 billion and shopping centre ownership interests worth $39.1 billion.
Within this, there are 41 Westfield “living centres”, what were previously known as as shopping centres.
The name change for the bricks-and-mortar element of the Westfield offering is part of a larger organisation-wide shift the business has undergone in recent years, a shift which has seen the focus move from retail tenants to consumers.
Scentre Group’s Head of Content and Programming, Bronwyn Cooper, told Mumbrella’s...