Development

We listen to customers to understand how to best meet their future needs and continue to invest in our leading portfolio of 42 Westfield destinations to enhance the customer offer and experience.

Our development team assesses and acquires property for Scentre Group. They work collaboratively with our design, construction, leasing and management teams to develop the vision, and identify and maximise value creation opportunities for each of our Westfield destinations.

This includes negotiating major tenants’ long-term leases, achieving planning consent and development approvals, managing government planning, finances and the centre valuation process.

Our future development pipeline is >$4.5 billion.

Recent investment projects

In December 2022, we opened Stage 1 of the $355 million investment in Westfield Knox (SCG share: $178 million) including new Woolworths and ALDI supermarkets. Remaining stages of the development will be opened throughout 2023, transforming the centre for our customers through new and innovative community uses.

The $55 million investment (SCG Share: $28 million) at Westfield Mt Druitt opened in March 2022, including a new rooftop dining, entertainment and leisure precinct, featuring 15 restaurants and indoor-outdoor spaces for the community. The upgrade has driven significant improvements to visitation and dwell time.

In November 2022 a $33 million investment at Westfield Penrith was completed, including the introduction of new casual dining experiences, a Coles supermarket and an entertainment precinct.

The $33 million investment in Westfield Parramatta opened in December 2022 including a new fresh food precinct featuring Coles, ALDI, and a Tong Li supermarket, among other specialty retailers.