Brief: Scentre Group Says Australian Retirement Trust To Buy 50% Interest In Westfield MT Gravatt
24/08/2026 11:33
BRIEF-Scentre Group Says Australian Retirement Trust To Buy 50% Interest In Westfield MT Gravatt Aug 24 (Reuters) - Scentre Group SCG.AX:
AUSTRALIAN RETIREMENT TRUST TO BUY 50% INTEREST IN WESTFIELD MT GRAVATT FOR A$882.5 MILLION
DEAL INCLUDES 50% INTEREST IN PROPERTY FOR A$870 MILLION AT 5.50% CAP RATE AND A$12.5 MILLION LAND
DEAL SUBJECT TO CLEARANCE FROM AUSTRALIAN COMPETITION & CONSUMER COMMISSION
GROSS PROCEEDS REPRESENT 3.5% PREMIUM TO BOOK VALUES AT DECEMBER 2025
Further company coverage: SCG.AX
((Reuters.Briefs@thomsonreuters.com;))
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