Scentre completes developments

Scentre Group has announced the opening of four redevelopments costing in excess of one billion.

Recommendation
Scentre completes developments
View company profile for SCG

Date 7 Nov 2018
Current Price $3.90

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Scentre Group has reported occupancy of 99.5% in its centres in the September quarter and a 2% increase in specialty sales compared to a year earlier. It also detailed the opening of four redevelopments at a cost of over $1bn.

Over 40 per cent of Westfield Coomera, the company's first greenfield project, is dedicated to dining, entertainment and other 'service' style offerings. There's also a dedicated outdoor space designed for kids and families, which is a clear example of the company's focus on driving traffic by creating experiences for the customer.  Along similar lines, the Westfield Carousel redevelopment now boasts an open-air rooftop dining and entertainment precinct.

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