ASX-listed Scentre Group to sell remaining four 100%-owned shopping malls in NZ

Tue, 24 Feb 2015

By Fiona Rotherham Feb. 24 (BusinessDesk) - Scentre Group, the Australasian shopping centre owner, is selling its four remaining 100 percent-owned shopping centres in New Zealand. The move follows its $2.1 billion deal, announced in November, to sell 49 per cent sale of its other five Westfield malls to the Singaporean Government Investment Corporation. The GIC deal involved four Auckland malls; Albany, Newmarket and St Lukes, which have all been earmarked for development, and Manukau, plus Riccarton in Christchurch. The remaining four ma...

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