Interim Results for Scentre Group (SCG)

Bell Potter


Scentre has agreed to sell its Figtree, Strathpine, Warrawong centres to affiliates of Blackstone Real Estate Asia and its North Rocks centre to Challenger for a combined total of $783 million, representing a 3.4% premium to the 30 June 2015 book values, with settlement expected to occur in the third quarter. Their comparable specialty sales in the Australian portfolio grew 6.1% and 6.3% in NZ. Net property income was $911.4 million and Comparable property net operating income increased 2.4% and is forecast to increase between 2.0% - 2.5% for 2015. Read our full summary here: (VIEW LINK)

1 stock mentioned

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.