Scentre Group posts strong Q1

Company News


Scentre Group (ASX:SCG) says first quarter sales have continued well with Australia up 4.5 per cent and New Zealand up by 6.3 per cent. 
 
The portfolio is almost completely leased with 99.5 per cent occupancy.
 
A new development at Casey Central in Victoria has been completed with 84 new speciality stores and a casual dining precinct. 
 
Developments have been commenced at Westfield Chermside and Westfield North Lakes in Queensland with the SCG share valued at $425 million. 
 
Scentre Group reported a full year profit of $2.73 billion to the end of December 2015.