The collapse of Dick Smith left a number of victims in its wake. However, unlike the shareholders or bankers who are desperately fighting to get some of their money back, it barely left a dent in Scentre Group — who leased 40 sites to the former electronics retailer. Although it took a few months, all 40 sites have now been successfully re-leased to other retailers at higher rents than before. Dick who?
Still close to fully occupied.
Strong development pipeline.
Increasing price guide.
It’s a testament to the quality of Scentre’s properties that the collapse of a company that leased 1% of its total lettable area was so easily overcome.