Scentre Group history

APRIL 2023

Chair Succession

Brian Schwartz AM announced his retirement as Scentre Group Chair effective 30 September 2023. The Board endorsed Ilana Atlas AO as Chair-Elect, commencing 1 October 2023.

OCTOBER 2022

GRESB sustainability leadership

We were recognised by GRESB as a sector leader for our continuing commitment to ESG transparency and improved performance. We received a 5-star rating, for placing in the top 20% of the benchmark.

OCTOBER 2022

Leadership transition completed

Elliott Rusanow commenced as Chief Executive Officer and Managing Director, and Andrew Clarke commenced as Chief Financial Officer.

AUGUST 2022

Scentre Group announces agreement with CleanCo

We announced an agreement with CleanCo, the Queensland Government-owned renewables, low emissions and hydro company, to power our Queensland Westfield destinations entirely from renewable sources from 2025.

FEBRUARY 2022

Leadership transition announced

Peter Allen announced his retirement as Chief Executive Officer and Managing Director, effective 30 September 2022 with his retirement from the Group to take place in 2023. The Board appointed Elliott Rusanow as Chief Executive Officer and Managing Director, effective 1 October 2022.

DECEMBER 2021

Sustainability leadership

We were recognised for our leadership in corporate sustainability by CDP, securing a place on its ‘A List’ in 2021.

2020 – 2021

All Westfield destinations remained open for the entirety of the COVID pandemic

Operating with COVID Safe protocols, we facilitated community access to essential retail and COVID vaccinations and testing across our Australian and New Zealand destinations during the pandemic.

APRIL 2020

Westfield contactless click and collect launched

A new drive-up contactless click and collect service became available across all Australian Westfield destinations enabling customers to purchase products from multiple Westfield business partners, in one transaction, and pick them up from the convenience of their car at their local Westfield destination.

FEBRUARY 2020

Announced 2030 Net Zero Target

Scentre Group announced a net zero emissions target by 2030 across our wholly-owned portfolio of Westfield destinations. This builds on existing environmental targets, energy efficiency initiatives and targeted renewable energy generation and investment opportunities.

JANUARY 2020

Inclusion in Bloomberg Gender-Equality Index

Scentre Group became one of nine companies in Australia and 325 companies globally to be included in the 2020 Bloomberg Gender-Equality Index (GEI). This marks the first time Scentre Group was included in the index and supports our focus on talent, diversity, equity and inclusion.

DECEMBER 2019

Westfield Booragoon (WA) acquired

Scentre Group acquired a 50% interest in Garden City Booragoon, Perth for $570 million, inclusive of long-term property management, brand and development rights. The destination becomes known as Westfield Booragoon.

NOVEMBER 2019

Westfield membership program launched

Our Westfield membership program provides customers access to member-only benefits, including exclusive promotions, offers and events.

NOVEMBER 2019

Westfield Newmarket (NZ) launched

Together with joint venture partner GIC, Scentre Group officially opened Westfield Newmarket in the heart of Auckland following a NZD$790 million investment in the destination. It introduced the city’s first David Jones and rooftop dining and entertainment precinct.

JUNE 2019

Sale of Sydney office assets completed

We completed a $1.52 billion transaction, granting a 299-year leasehold interest to Blackstone for the office components located at 100 Market Street, and 77 and 85 Castlereagh Street Sydney. Scentre Group retains ownership of Westfield Sydney and Sydney Tower.

MAY 2019

New joint venture partner at Westfield Burwood

New joint venture partner Perron Group acquired 50% interest in Westfield Burwood for $575 million.

APRIL 2019

Executive Leadership transition – Chief Financial Officer

Mark Bloom’s retirement and appointment of Elliott Rusanow, Chief Financial Officer.

OCTOBER 2018

Westfield Coomera (QLD) launched

Located in the growth corridor of the Gold Coast, Westfield Coomera is Scentre Group’s first greenfield development delivered in partnership with QIC. Designed as the Town Centre, it spans 59,000 square metres of indoor-outdoor retail and leisure space.

AUGUST 2018

Westfield Carousel (WA) launched

The $350 million investment created the largest Westfield in WA, spanning a total GLA of 110,000 square-metres. The destination comprises 330 retailers across fashion, food, lifestyle, dining and entertainment.

JULY 2018

Acquired a 50% interest in Westfield Eastgardens (NSW)

A joint venture partnership was agreed with Terrace Tower Group for $720 million for Westfield Eastgardens, located approximately 10 kilometres from Sydney’s CBD.

APRIL 2018

Westfield Local Heroes program established

Westfield Local Heroes is a recognition and awards program that shines the spotlight on individuals in Australia and New Zealand who make a positive impact to their local community or environment. 

JUNE 2017

Westfield Chermside (QLD) launched

The $355 million investment created a new-look destination for the Brisbane metro area, adding a leisure and dining precinct, and approximately 95 new stores to the destination.

MARCH 2017

SmartScreen Network expands to our New Zealand destinations

We launched SmartScreens across all five Westfield destinations in New Zealand. Our connected network of SmartScreens and SuperScreens totalled more than 1,500 screens across the business.

NOVEMBER 2016

Westfield Warringah Mall (NSW) launched

The $310 million investment transformed Westfield Warringah Mall into a premium destination, providing the local community with a leading fashion, beauty and lifestyle offering in the northern suburbs of Sydney.

NOVEMBER 2016

Westfield North Lakes (QLD) launched

The $170 million investment consolidated Westfield North Lakes’ retail and experience offering as the most comprehensive in Brisbane’s northern growth corridor.

AUGUST 2016

Acquisition of 101 Castlereagh Street Sydney in partnership with CBUS

The former David Jones Market Street store will be redeveloped and on completion, the site will comprise approximately 10,000 square-metres of luxury retail space integrated with Westfield Sydney.

JULY 2016

Inaugural Reconciliation Action Plan launched

Our reconciliation vision is to embed positive and sustainable equity and inclusion for Aboriginal and Torres Strait Islander peoples.

MAY 2016

Sir Frank Lowy Fellowship established

The Fellowship is designed to recognise the retail property industry’s talented people, rewarding them and fostering the next generation of leaders, collaborators and innovative thinkers. Fellowship recipients receive a cash contribution up to $20,000 towards a professional development pursuit or industry event of their choice.

MAY 2016

Board Leadership transition

Brian Schwartz commences as Chair of Scentre Group.

OCTOBER 2015

Frank Lowy AC announces retirement as Chair of Scentre Group

The Board appointed Deputy Chair, Brian Schwartz AM, to succeed Mr Lowy as Chair.

MARCH 2015

Australian SmartScreen network launched

A network designed to drive brand reach within our Westfield destinations, we launched over 1,200 screens across 800 locations, positioned to influence every customer journey in 2015.

2015

Diversity, Equity and Inclusion Council established

For Scentre Group, diversity means recognising and valuing the contribution of people with different backgrounds, perspectives and experiences. Equity means we support everyone to realise their unique potential. Inclusion means we ensure that all our peoples’ differences are welcomed and respected.

2015

Our DNA established

Our DNA forms the values and standards of behaviour we expect of ourselves and of others and is a central part of our approach to business integrity and our Code of Conduct. We are guided by our DNA to achieve our operating and responsible business objectives.

NOVEMBER 2014

New Zealand destinations

New joint venture partnership agreed with GIC, Singapore’s sovereign wealth fund, for five shopping centres located in New Zealand with a combined gross value of NZ$2.1 billion.

OCTOBER 2014

Westfield Mt Gravatt (QLD) launched

The $400 million investment adds 140,000 square-metres, an increase of almost 50%, to Westfield Mt Gravatt's offer with an entirely new shopping, entertainment, social and dining experience for the community in Brisbane’s south.

JUNE 2014

Inaugural Chief Executive Officer and Managing Director

Peter Allen commences as inaugural Scentre Group Chief Executive Officer and Managing Director.

JUNE 2014
Scentre Group established and listed on the Australian Stock Exchange (ASX: SCG)

Our Purpose – creating extraordinary places, connecting and enriching communities – underpins our strategy, responsible business approach and culture. It guides our decision-making and recognises the integral role our Westfield destinations play in the lives of our customers and communities.