New JV Partner Westfield Sydney

Scentre Group (ASX: SCG) today announced the introduction of a new joint venture partner, Australian Retirement Trust (ART), which will purchase a 19.9% interest in Westfield Sydney for $864 million. The purchase price represents Scentre Group’s book value at 30 June 2025 and a valuation capitalisation rate of 4.69%. Scentre Group will continue to own 80.1% of Westfield Sydney and will remain the