Scentre Group has agreed to sell a 19.9% stake in its flagship Westfield Sydney shopping centre to superannuation giant Australian Retirement Trust for A$864 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