UPDATE: Scentre Group's NZ shopping mall sell off follows changed strategy, analyst says

Tue, 24 Feb 2015

By Fiona Rotherham Feb. 24 (BusinessDesk) - The sale of Scentre Group’s four remaining 100 percent-owned Westfield shopping malls in New Zealand follows a change in strategy by the Australian parent, says Harbour Asset Management analyst Shane Solly. The Australasian shopping centre owner has placed the four malls, WestCity, Glenfield, Chartwell, and Queensgate, on the market for expressions of interest though there is no sale agreement in place yet. The move follows its $2.1 billion deal, announced in November, to sell 49 per cent sale o...

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