Scentre Group Sells 19.9% of Westfield Sydney to Australian Retirement Trust in A$864m Deal
Scentre Group has agreed to sell a 19.9% stake in its flagship Westfield Sydney shopping centre to superannuation giant Australian Retirement Trust (ART) for A$864 million (about US$576 million), in a transaction priced at the asset’s June 2025 book value. Scentre will remain the majority owner and keep control of day-to-day operations, retaining an 80.1% interest and continuing as property, leasing and development manager. Scentre Group+1 On Wednesday, 24 December 2025, fresh details emerged on how ART plans to run the investment: Queensland-based institutional investor QIC will act as investment manager for ART’s new stake, while Scentre continues to manage