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Westfield named Co-Major Partner of Western Sydney Wanderers as part of two-year partnership extensionWe are excited to share a major extension of our long-standing partnership with Western Sydney Wanderers FC, with Westfield becoming Co-Major Partner of the Club as part of a new two-year agreement.The extension will represent 14 years of partnership between the Wanderers and Westfield, making it one of the longest-standing commercial relationships in the Club’s history.As part of the expanded partnership, Westfield will feature on the front of the Wanderers Men’s home shirt for one year of the new agreement, marking a significant new chapter in a relationship that has been embedded in the Western Sydney community since the Club’s formative years. For more than a decade, the Wanderers and Westfield have worked together to bring football closer to communities across Western Sydney.The partnership has played an important role in fostering fan engagement, enhancing match day experiences and encouraging active lifestyles, including through football clinics and community initiatives delivered at Westfield destinations in Western Sydney. Our Chief Executive Officer, Elliott Rusanow said: “Our Westfield destinations have been at the heart of the Western Sydney community for generations. They are places that millions of people come to every year.“We are excited to extend our partnership with the Western Sydney Wanderers for a further two years and deepen our support as Co-Major Partner.  “Over the years, our partnership with the Wanderers has enabled us to connect with fans, families and young people through meaningful experiences both in our destinations and at the games. “We’re looking forward to taking this fantastic and long-standing partnership to the next level and sharing in the success of the Wanderers with our Western Sydney community.”Western Sydney Wanderers CEO Scott Hudson said the expanded partnership reflected the strength of a relationship built on a shared commitment to Western Sydney.“When the opportunity arose for Westfield to step into the Co-Major Partner position, they stepped forward at an important moment for our Club. That says an enormous amount about who they are as an organisation and the relationship we have built together,” said Hudson.“Westfield has always been an important pillar of the Western Sydney community. They understand this region, they believe in its people and, over the course of our history, they have consistently backed this Club and what we represent.“This extension will take our partnership to 16 years at the end of the term, making Westfield our longest-serving partner. That is an extraordinary commitment and one we never take for granted.“Partnerships of that length are built on far more than branding or commercial outcomes. They are built on trust, shared values, and being prepared to stand alongside each other when it matters.“To now see Westfield step up as a Co-Major Partner and feature on the front of our Men’s home shirt feels incredibly significant. It is a proud reflection of the journey we have shared and the strength of the relationship between two organisations deeply connected to Western Sydney.“We are incredibly grateful for Westfield’s continued belief in the Wanderers and excited about what this next chapter will bring for our Members, fans and the wider Western Sydney community.”The partnership includes Westfield destinations in Western Sydney, including Westfield Burwood, Westfield Liverpool, Westfield Mt Druitt, Westfield Parramatta and Westfield Penrith. Together, these destinations are visited by more than 92 million customers annually.

We are excited to share a major extension of our long-standing partnership.

Westfield named Co-Major Partner of Western Sydney Wanderers

Scentre Group supports Friends of Western Stay the Course WalkThis week team members from across our Western Sydney destinations supported Western Sydney University’s Stay the Course Walk.Stay the Course was a community walk that raised awareness and funds to help ensure financial pressure is never the reason a student leaves university prematurely.Director HR and Western Sydney University alumni, Maria Stamoulis attended the walk with our team and was proud to lead from the front alongside Chancellor Professor Jennifer Westacott AC. Maria said: “Western Sydney is one of the most dynamic and diverse regions in Australia. It’s home to many of our customers and team members. “Western Sydney University plays a vital role in shaping the future of this region. “We already have a highly-valued partnership with Western Sydney University, having established the Brian Schwartz AM Scentre Group Scholarship for Excellence in 2023. “The scholarship reflects the importance we see in lifelong learning and development and is one way we are investing in the people and local communities of Western Sydney.“The Stay the Course Walk was another way for us to proudly demonstrate our support of the University’s purpose to support students succeed and communities thrive.”

Scentre Group supports Friends of Western Stay the Course Walk

Westfield Local Heroes winner of Australian Financial Review&#39;s 2026 Sustainability Leaders list in Retail, Hospitality, Tourism &amp; EntertainmentWe are excited to share that Scentre Group features on the 2026 Sustainability Leaders list by the Australian Financial Review, as a winner in Retail, Hospitality, Tourism &amp; Entertainment for Westfield Local Heroes, our community recognition, grants and partnerships program.Our CEO, Elliott Rusanow, said: “This recognition reflects the impact of our Westfield Local Heroes program and the incredible contributions of the community leaders and organisations it supports. “Since 2018, the program has helped local organisations address some of the most important challenges facing our communities. “By October this year, we will have granted more than $11 million to 1,100 community leaders and their organisations. “What makes the program so powerful is that it goes beyond financial support. Through our ongoing partnerships with Local Heroes alumni, we help scale reach to deliver significant and enduring positive impact for our communities.“Supporting stronger, more connected communities is how we deliver Scentre Group’s Purpose: creating extraordinary places and experiences that connect, enrich and are essential to our local communities. “Congratulations to all the organisations recognised today as sustainability leaders.” The Australian Financial Review Sustainability Leaders list celebrates the organisations that are turning their sustainability ambitions into measurable impact. The awards recognise the innovations that address real sustainability challenges while creating value for businesses, communities, and the economy.Westfield Local Heroes’ impactPam Wilson, National Community Manager, said: “When we launched Westfield Local Heroes in 2018 we wanted to shine the spotlight on community leaders and support our local communities.“The program has experienced year-on-year growth in engagement through nominations, community voting and exposure for our finalists.“The program has significant impact for our communities and value for our business. When community leaders and services are profiled and backed by the Westfield brand, it grows their awareness, capability and networks, enabling them to reach more people and have a bigger impact.“Westfield Local Heroes has also strengthened how customers see Westfield, with an 18 point uplift in Net Promoter Score for customers who are aware of the program.“To understand the long-term impact of the program, we commissioned the University of Southern Queensland to undertake a longitudinal impact review of the program.“The researchers said the program exemplifies how private sector leadership and community partnerships built on shared purpose can contribute to placemaking and positive impact, strengthening the social fabric of communities.
“Importantly, they also highlighted a unique opportunity to deepen our impact. “So with our 10-year anniversary of the program in 2027, we have plans to scale awareness of, and future-proof, Westfield Local Heroes, and expand our partnership and alumni programs.”About Westfield Local HeroesWestfield Local Heroes discovers and recognises individuals and their organisations in Australia and New Zealand whose work makes a positive impact on their local community or environment.Community members nominate their heroes and three finalists are selected for each Westfield destination. Communities are then invited to vote for their preferred hero and the hero with the highest number of community votes for each of our 42 destinations is awarded a $20,000 grant for the organisation or group they represent, and each finalist receives a $5,000 grant for their organisation or group.Our Westfield Local Heroes program has provided $9.8 million in grants to 991 community organisations since the program’s inception in 2018. The contribution represents the ongoing support to connect and enrich the local communities in which Westfield destinations operate.Westfield Local Heroes AUWestfield Local Heroes NZ

Elliott Rusanow, CEO, said: “This recognition reflects the impact of our Westfield Local Heroes program and the incredible contributions of the community leaders and organisations it supports."

Westfield Local Heroes 2026 Sustainability Leaders list winner

Scentre Group grows FFO by 4.4% to $612 million for first six months of 2026; Upgrades full year guidanceScentre Group (ASX: SCG) today released its results for the six months to 30 June 2026 with Funds from Operations (FFO) of $612 million (11.73 cents per security), up 4.4% and Distributions of $481 million (9.215 cents per security), up 4.9%. Based on the Group’s operating performance in the first half of 2026, and subject to no material change in conditions, FFO guidance for the second half of 2026 has been upgraded to at least 12.06 cents per security, representing at least 4.5% growth over the prior corresponding period. This would equate to full year 2026 earnings of at least 23.79 cents per security representing growth of at least 4.25%. Distribution guidance for the second half of 2026 has been upgraded to 9.258 cents per security. This would equate to a full year 2026 distribution of 18.473 cents per security representing growth of 4.25%. Statutory Profit for the period was $975 million and includes an unrealised property valuation increase of $478 million. As at 30 June 2026 the Group’s portfolio was valued at $33.7 billion. Scentre Group Chief Executive Officer Elliott Rusanow said: “Our focus is to continue generating long term earnings growth from our Westfield business in Australia and New Zealand and create significant additional value from our substantial land holdings.” Westfield destinations Mr Rusanow said: “We are focused on attracting more people, more often and for longer to our destinations and continue to deliver strong performance.  “So far this year, we have welcomed 347 million customer visitations, an increase of 3.5% or 12 million on the prior comparable period. We have attracted 552 million customer visits to our 42 Westfield destinations over the past 12 months which is a record for our business.“Our ability to create more reasons for customers to visit our destinations continues to enable a broader range of business partners to connect and transact with more customers. “For the 12 months to 30 June 2026, business partners’ sales grew to a record $30.3 billion or $1.0 billion on the same period last year. For the 12 months to 30 June 2026, business partners grew sales by 4.2% and specialty sales grew by 5.4%(1). “Business partners achieved sales growth of 3.7% for the six months to 30 June 2026, compared to the same period in 2025. Specialty sales for the six months were 5.1% higher than the same period in 2025(1). “For the month of July, total business partner sales were 2.7% higher and specialty sales were 3.6% higher than the prior corresponding period1. “We continue to see strong demand for space in our destinations with occupancy remaining at its highest level in more than a decade of 99.8%, up 10bps compared to the same period last year.”  Rent escalations increased by 5.5% in the six months to 30 June 2026. The Group completed 1,401 leasing deals, achieving average releasing spreads of +3.7%.   Westfield membership grew to 5.2 million, as a result of increased engagement through unique member benefits and experiences.  The Group continues to invest in its Westfield destinations to enhance the customer experience across the portfolio and provide more reasons for people to visit and spend their time in its destinations.  Successful redevelopments have been completed in recent years at Westfield Sydney and Burwood in Sydney, Knox and Southland in Melbourne, Tea Tree Plaza in Adelaide and Mt Gravatt in Brisbane with all destinations performing well. We continue to enhance the customer offer at Westfield Bondi in Sydney to further strengthen its position as a pre eminent destination. Works are progressing on the $240 million redevelopment to deliver an elevated dining, entertainment and lifestyle precinct on Level 6. This follows the successful repurposing of department store space on Level 1, to create a new health, wellness and fitness precinct. The transformed Level 6 precinct will be anchored by an upgraded Event Cinemas, a new Kingpin entertainment offer and unique dining experiences. It will open in stages from late Q4 2026.  The $30 million (SCG share $15 million) redevelopment to expand the entertainment and lifestyle precinct and HOYTS Cinemas complex at Westfield Penrith in Sydney commenced during the period.  The Group’s $20 million (SCG share $20 million) redevelopment at Westfield Tuggerah on the NSW Central Coast is repurposing department store space to introduce TimeZone, JD Sports and a relocated Rebel. The retailers will open progressively from Q3 2026.  On behalf of Cbus Property, the Group completed the residential component of the redevelopment above the expanded Westfield Sydney in the CBD.  Mr Rusanow said: “We will continue to invest in our Westfield business to drive visitation, customer experience and business partner sales.” Strategic land holdings The Group’s Westfield destinations are located on more than 670 hectares of land, close to major transport hubs and existing infrastructure. The Group is focused on generating greater economic activity in and around its destinations through better use of its strategically located land.  Mr Rusanow said: “We are working collaboratively with governments across Australia and New Zealand on how we can contribute to housing supply and make housing more accessible to more people for decades to come. “Over the past 24 months, we have identified and progressed a significant pipeline of dwellings. This year, our potential pipeline has increased from 20,200 to 25,600 dwellings that are approved or in the advanced stages of planning.” The Group has substantially progressed its concept plans to deliver a new town centre at Westfield Warringah Mall on Sydney’s northern beaches with the potential to deliver up to 1,600 new dwellings.  At Westfield Eastgardens, the opportunity to deliver 1,300 new dwellings as part of an integrated mixed-use development is being explored. The Group has lodged an expression of interest to the Housing Delivery Authority for a State Significant Development. During the half the Group submitted a master plan to Brisbane City Council to deliver up to 4,000 dwellings on land at Westfield Chermside.  At Westfield West Lakes in Adelaide, the opportunity to deliver up to 2,000 dwellings has been initiated. The South Australian Government has approved the Group’s proposal to commence the formal master planning process to transform land surrounding the destination into a mixed-use destination.Capital management Yesterday the Group announced that Australian Retirement Trust (ART) will purchase a 50% interest in Westfield Mt Gravatt in Brisbane for $882.5 million, subject to ART obtaining clearance from the Australian Consumer and Competition Commission. The transaction involves the sale of a 50% direct property interest in Westfield Mt Gravatt for $870.0 million at a capitalisation rate of 5.50%. The aggregate $882.5 million of gross proceeds represents a 3.5% premium to the book values at December 2025. Mr Rusanow said: “The Group is very pleased to extend our strategic relationship with ART, following their 19.9% interest in Westfield Sydney for $864 million at a capitalisation rate of 4.69%. “During the half, the Group successfully refinanced all remaining senior and subordinated notes that were issued during the pandemic in 2020. These transactions demonstrate the Group’s ability to execute on its capital management strategy through accessing diverse sources of capital to deliver long-term earnings growth to securityholders.” In March, the Group redeemed via make-whole, all its US$750 million ($1.15 billion) senior notes due 2030 and in April issued a $750 million 6-year senior note in the Australian domestic market reflecting a margin of 1.20% over 3 month BBSW. In May, the Group redeemed all remaining US$1.3 billion ($1.8 billion) non-call 2030 subordinated notes via a combination of tender and clean-up call.   Senior bank facilities of $1.7 billion were renegotiated and extended. As a result of the capital management initiatives undertaken by the Group in 2026, the Group’s average debt margin has reduced from 2.6% at 31 December 2025 to 1.6% at 30 June 2026. The Group’s level of interest rate hedging was 95% at an average base rate of 3.26% at June 2026 and 89% at an average rate of 3.29% at December 2026(2).  As at 30 June 2026, the Group had available liquidity of $3.5 billion, sufficient to cover all debt maturities until the second half of 2028. Outlook Mr Rusanow said: “Our strategy is to grow the economic activity at our Westfield destinations, broaden the businesses that partner with us and unlock growth from our strategic land holdings. This is expected to continue to   deliver sustainable long-term growth in earnings and create significant long term value.”  Based on the Group’s operating performance in the first half of 2026 and subject to no material change in conditions, the Group’s target for FFO has been upgraded to at least 23.79 cents per security for 2026, representing at least 4.25% growth for the year. Distribution guidance for 2026 has been upgraded for the full year to grow by 4.25% to 18.473 cents per security. This consists of 9.215 cents per security for the first six months to 30 June 2026 and 9.258 cents per security for the second six months to 31 December 2026. Authorised by the Board. (1) Percentage growth on a constant currency basis. (2) Debt from December 2026 onwards, pro-forma for the divestment of a 50% interest in Westfield Mt Gravatt due to settle H2 2026.

Scentre Group (ASX: SCG) today released its results for the six months to 30 June 2026 with Funds from Operations (FFO) of $612 million (11.73 cents per security), up 4.4% and Distributions of $481 million (9.215 cents per security), up 4.9%. 

Scentre Group grows FFO by 4.4% to $612 million for first six months of 2026; Upgrades full year guidance

Appointment of non-executive Director, Karim TemsamaniThe Board of Scentre Group (ASX: SCG) is pleased to announce the appointment of Karim Temsamani as an independent non-executive Director, effective 1 September 2026.Scentre Group Chair Ilana Atlas AO said: “We are delighted to welcome Karim to the Board.“Karim brings extensive global executive experience building and scaling businesses in the areas of
technology, digital advertising, payment platforms and cyber security.“Karim is currently President, Next Generation Security, Palo Alto Networks. He previously held executive
leadership positions at Cardlytics, Stripe and Google.“We look forward to Karim’s contribution to our Board.”Mr Temsamani will stand for election at the Group’s 2027 AGM. Mr Temsamani’s biography is attached.This announcement has been authorised by the Board.

The Board of Scentre Group is pleased to announce the appointment of Karim Temsamani as
an independent non-executive Director, effective 1 September 2026.

Appointment of non-executive Director, Karim Temsamani

SCG results for the 6 month period ending 30 June 2026

2026 Half Year Results

Australian Retirement Trust becomes Joint Venture Partner at Westfield Mt GravattScentre Group (ASX: SCG) today announced Australian Retirement Trust (ART) will purchase a 50% interest in Westfield Mt Gravatt, Brisbane for $882.5 million.This transaction involves the sale of a 50% direct property interest in Westfield Mt Gravatt for $870.0 million at a capitalisation rate of 5.50%, and a 50% interest in an adjacent parcel of sundry land for $12.5 million. The aggregate $882.5 million of gross proceeds represents a 3.5% premium to the book values at December 2025.Scentre Group will continue to own 50% of Westfield Mt Gravatt and will remain the property, leasing and development manager.Scentre Group Chief Executive Officer Elliott Rusanow said: “We are very pleased to extend our strategic partnership with Australian Retirement Trust. Westfield Mt Gravatt is one of the most popular centres in south-east Queensland, visited by more than 17 million customers last year and generating total business partner sales in excess of $1.0 billion.“Introducing new capital, through joint venturing our assets, forms a key part of our long-term strategic plan. In the last 13 months, we have announced approximately $3.1 billion of new third party capital coming into the Group through the joint venturing of our assets.“Today’s announcement continues to demonstrate our ability to source capital to pursue the Group’s strategic objectives of creating long term value for securityholders.”The transaction is subject to ART obtaining clearance from the Australian Competition &amp; Consumer Commission.Authorised by the Board.

Scentre Group (ASX: SCG) today announced Australian Retirement Trust (ART) will purchase a 50% interest in Westfield Mt Gravatt, Brisbane for $882.5 million.

Australian Retirement Trust becomes Joint Venture Partner at Westfield Mt Gravatt

First steps to transform Westfield West Lakes, potentially unlocking up to 2,000 new homesOur CEO Elliott Rusanow was in South Australia this week alongside Premier The Hon Peter Malinauskas MP, Minister for Planning The Hon Nick Champion and Local Member for Lee David Wilkins MP. 

The Government announced approval of the Group’s proposal to initiate the formal process to transform land surrounding Westfield West Lakes in Adelaide with the potential for up to 2,000 new homes close to jobs, infrastructure and services in the future. This is consistent with our strategy to unlock long term value from the Group’s strategic land holdings.Elliott said: “Westfield West Lakes has been at the heart of its community since 1974, serving as the local town centre and a place where people come together.“As the owner and operator of 42 destinations across Australia and New Zealand, we see an opportunity to work with government to better utilise our well-located land which is already close to jobs, services and existing infrastructure.“We are excited about the role Westfield West Lakes can play in supporting housing supply while helping this community continue to grow and thrive for decades to come.”Premier Malinauskas said: “This is what sensible, strategic development in exactly the right place looks like.“We have been clear that Adelaide must grow up in the right locations as well as out in the right locations.“That means height in locations already serviced by public transport, parking and infrastructure, and more space on suburban streets for larger homes and less congestion.“Our Government laid the foundations for this kind of development in the Greater Adelaide Regional Plan. I commend the Scentre Group for having the ambitious vision to bring this to life.”Minister Champion said: “The transformation of strategic, well-serviced infill sites like Westfield West Lakes will make a serious contribution to fixing the national housing crisis in South Australia. “Homes above the shops, on a site that already has the roads, the buses, the car parking, amenity and the community services to support them. This plan makes sense.“Once again our Government is embracing solutions to get more homes built for South Australians in the right locations.”

The Government announced approval of the Group’s proposal to initiate the formal process to transform land surrounding Westfield West Lakes.

First steps to transform Westfield West Lakes

Partnership with the National Football League ahead of historic NFL Melbourne GameToday we announce a strategic partnership with the National Football League (NFL). Westfield is becoming the Official Shopping Destination Partner of the NFL in Australia and New Zealand ahead of the first ever regular-season NFL game played in Australia. 

This partnership brings the global sporting moment to Westfield destinations in Australia and New Zealand.Our CEO, Elliott Rusanow said &quot;We are focused on creating the places and experiences that connect, enrich and are essential to the communities we serve. We know that sport has a unique ability to bring people together, and we&#39;re excited to partner with the NFL as it makes history with its first-ever regular-season game in Australia.&quot;Together, we&#39;ll bring the excitement of the Los Angeles Rams and San Francisco 49ers game at the Melbourne Cricket Ground to Westfield destinations across Australia and New Zealand, giving fans and customers access to the live broadcast, exclusive family-friendly entertainment, experiences and Westfield member benefits.

&quot;We&#39;re looking forward to giving our customers the opportunity to be part of this historic sporting moment and celebrating it together in our destinations.&quot;The NFL Melbourne Game will see a Southern Hemisphere face-off between the San Francisco 49ers and Los Angeles Rams at the Melbourne Cricket Ground on Friday 11 September 2026.To celebrate, Westfield destinations across Australia and New Zealand will be hosting free NFL-themed activities and Americana-inspired entertainment for customers and fans. Westfield members also have the chance to win a VIP NFL Melbourne Game Experience for themselves and five friends. The partnership reflects the growing connection between sport, fashion and popular culture. In recent years, NFL player arrivals have become a highly anticipated part of the game-day experience, extending fan engagement beyond the field. As the Exclusive Red-Carpet Partner of the NFL Melbourne Game, Westfield will bring customers in Australia and New Zealand closer to the excitement of the event through a range of in-centre experiences. As the Exclusive Red Carpet Partner of the NFL Melbourne Game, Westfield will help bring customers closer to the excitement of one of the biggest sporting events on the global calendar.NFL General Manager Australia &amp; New Zealand, Charlotte Offord, said: “As we continue our preparations for the NFL Melbourne Game, we&#39;re proud to partner with Westfield, a brand that has long been part of the fabric of communities across Australia and New Zealand. &quot;Strategic partnerships like this are essential to our continued growth in the market, allowing us to reach fans where they live, shop and spend time together. The commitment Westfield brings to delivering exceptional customer experiences makes them a natural partner as we bring the excitement of the NFL Melbourne Game beyond the stadium and into our communities across the region.”

Westfield Official Shopping Destination Partner of the National Football League.

Partnership with the National Football League ahead of historic NFL Melbourne Game

Scentre Group recognised for seven-year Indigenous partnershipDuring NAIDOC Week 2026, Scentre Group was recognised at the 2026 Wiimali Awards for our seven-year partnership with ARA Indigenous Services.Aaron Galea, Head of Procurement, shared: “The recognition acknowledges the longevity and impact of our partnership with Indigenous supplier, ARA Indigenous Services, spanning fire services maintenance across 35 Westfield destinations in Australia.“Presented as part of the Annual Wiimali Awards, the recognition celebrates more than a commercial relationship. It reflects a shared commitment to creating meaningful employment opportunities for Aboriginal and Torres Strait Islander peoples and supporting stronger outcomes for Indigenous communities across Australia.“By partnering with Indigenous owned and operated businesses, we are proud to create opportunities that extend beyond service delivery, contributing to employment, capability development and economic participation for Aboriginal and Torres Strait Islander peoples.“Thank you to the teams across our business who have supported this partnership over the past seven years and helped create a lasting impact through one of Scentre Group&#39;s most enduring Indigenous supplier relationships.”The partnership is closely aligned to the commitments outlined in Scentre Group&#39;s Reconciliation Action Plan (RAP), which seeks to embed positive and sustainable equity and inclusion for Aboriginal and Torres Strait Islander peoples through business practices, organisational culture and supplier relationships.Scentre Group&#39;s RAP vision is to create positive and sustainable equity and inclusion while building lasting relationships through the way we operate our business. About the Wiimali ProgramThe word Wiimali comes from the Gamilaraay language and means &quot;to light a fire&quot;.Established as a key initiative of the ARA Group&#39;s Reconciliation Action Plan, the Wiimali Program supports Aboriginal and Torres Strait Islander employees through recruitment, mentoring, professional development and community engagement.The program takes a holistic approach to supporting Indigenous employees through every stage of their employment journey, from identifying suitable candidates and preparing them for work, through to ongoing mentoring, career development and practical support. Indigenous mentors work closely with employees to help navigate the transition into the workforce, while professional mentors provide guidance about career growth and development.Through programs like Wiimali, Indigenous employees are supported to build long-term, meaningful careers while strengthening connections to culture, community and opportunity.

Seven-year partnership with ARA Indigenous Services recognised at 2026 Wiimali Awards

Recognition for Indigenous partnership

Elena Petroska’s career journeyElena Petroska’s career journey with Scentre Group has spanned more than two decades and includes taking part in Scentre Group’s bespoke Enterprise Leadership Program delivered in partnership with the University of Southern California Marshall School of Business Executive Education. My career journey started with Westfield in October 2002.At the time, I worked at Gloria Jeans in Westfield Liverpool, making coffees for the centre management team each morning.One day, the Centre Manager approached me and said, &quot;We&#39;d love you to join our Concierge team.&quot;I had no idea what happened behind the scenes of a shopping centre, but I&#39;ve always been curious, so of course I said I&#39;d love to find out more.When I arrived for the interview that afternoon, I was nervous. I already knew Peter, who was the Marketing Manager at the time, and I met Sandra, the Marketing Executive, who I&#39;m still in contact with more than 20 years later.I was so nervous, but I didn&#39;t need to be, because after I told them I could do an Excel spreadsheet, that was it, I started the very same day.Over the next two years I immersed myself in the business, working across Concierge, was a Westfield ambassador and supported number of operational roles while Westfield Liverpool underwent a major redevelopment.As the development ramped up, I was offered a full-time Concierge Supervisor role. I turned it down because I wanted to finish university.By then, Peter had become Centre Manager. He said to me, &quot;Give me three months and if you don&#39;t like it, you can go back and finish uni.&quot;So, at 21 years old, I suddenly had 24 people reporting to me. It was daunting. It was exciting. It was one of the best decisions I ever made.Looking back, that conversation changed the course of my career.After four years at Westfield Liverpool, I moved into my first marketing role as Marketing Assistant at Westfield Penrith. Although I&#39;d enjoyed every role I&#39;d done to that point, marketing was where I found my passion.That role opened the door to new opportunities, taking me to the Support Office, then Westfield Mount Druitt and eventually Westfield Sydney before I took parental leave with my first child.When I returned, I joined Westfield Burwood and became one half of the very first operational job share.At the time, there was a view that operational roles simply couldn&#39;t be job shared. But another colleague and I were determined to prove otherwise. We successfully job shared for five and a half years while we both raised our young families.I like to think we helped pave the way for the flexible working arrangements that so many people across Scentre Group benefit from today.After my second period of parental leave, I was given the opportunity to establish the Brand Partnerships role. From there, I went on to establish and grow the Retail Partnerships team, building strategic relationships and creating new opportunities for our customers, our retail partners and our business.When I look back across my career, every opportunity came because someone trusted me with something important before I had done it before.That trust continued when I was invited to attend the University of Southern California Marshall School of Business leadership program in the United States.I was blown away to be selected.If I&#39;m honest, I was also full of self-doubt. I questioned whether I belonged there.What USC gave me was much more than a leadership program. It gave me the confidence to recalibrate how I see myself and to recognise the value I bring. It was a turning point.USC fundamentally shifted my perspective from thinking as a functional leader to thinking with an enterprise mindset. It challenged me to look beyond my own expertise and understand how every part of the business influences another, and how positive influence is essential if we&#39;re going to deliver the best outcomes together.One of the biggest lessons I took away was around curiosity.Curiosity has always been part of our DNA at Scentre Group, but USC introduced me to the idea of open curiosity. Instead of leading with what we know, we start by asking, &quot;How can I help?&quot; That simple shift changes everything. It moves us from delivering in our own roles to delivering together for the business.I still find myself using the language and principles from USC every day, and I see their impact across our leadership team as they&#39;ve become part of how we think, collaborate and lead.Attending USC was one of the defining moments of my career. Not long afterwards, I was promoted.My role expanded to Head of Marketing, Destinations and Partnerships, bringing together marketing, key partnerships and enterprise relationship building. I still love marketing, but I also love being part of conversations that have a broader impact across our business and helping shape opportunities that extend well beyond my own function.When I reflect on the last 20-plus years, what stands out isn&#39;t the titles I&#39;ve held or the roles I&#39;ve been fortunate enough to do. It&#39;s the people.The people who took a chance on a young woman making coffees at Gloria Jeans. The people who encouraged me to say yes when I wasn&#39;t sure I was ready. The people who challenged me, trusted me, invested in me and helped me see possibilities I couldn&#39;t yet see for myself.When I joined Concierge, I&#39;d only been in Australia for five years and was still learning English. If someone had told me then that one day I&#39;d be studying at one of the world&#39;s leading business schools, building strategic partnerships, leading national teams and helping shape the future of our business, I never would have believed them.Those opportunities have shaped not only my career but also the kind of leader I want to be.Today, one of the things I&#39;m most passionate about is helping other people grow. I love creating opportunities for people, building their confidence, encouraging them to back themselves and helping them achieve things they didn&#39;t think were possible.Scentre Group has given me an incredible career, but more importantly, it has shown me what great leadership looks like. Leadership is believing in people before they believe in themselves.After more than two decades, I still love this company, I still love the people I work with, and I&#39;m excited about what&#39;s ahead, not just for me, but for the next generation of talent that I have the privilege of coach, support and develop, just as so many people did for me.

Elena’s career journey with Scentre Group has spanned more than two decades including taking part in Scentre Group’s bespoke Enterprise Leadership Program.

Elena Petroska’s career journey

‘Run Burwood Run’ builds connection and raises awareness‘Run Burwood Run’ was a multi-run series designed to raise awareness and funds for Parkinson’s NSW, while creating community connection.Dean Laws was Westfield Burwood’s Local Hero in 2025. He is described as inspirational, relentless and adaptive in his support of Parkinson’s NSW.Dean lives with Parkinson’s Disease. Since his diagnosis, Dean has raised more than $166,000 for Parkinson’s NSW, a non-for-profit dedicated to enhancing the lives of those with the condition.“Parkinson’s NSW gave me my life back!” Dean explains. “When I contacted Parkinson’s NSW in 2019, they knew exactly how to help, enabling me to access the therapies I needed to combat this challenging disease.”  Ever since experiencing health improvements, Dean has been helping other patients and their families by fundraising with ‘The Dean Team’ – a group that trains together for special sporting events – and by sharing his own journey of exercise.  Andrew Wolfe, Senior Marketing Manager at Westfield Burwood said: “The relationship we have built with Dean since he was announced as our 2025 Westfield Local Hero has created new opportunities for us to connect with and enrich our local community. “We now know that there is an estimated 400 people living with Parkinson’s Disease in our local Burwood community. “With this additional insight into our local community’s needs and through our relationship with Dean, we created ‘Run Burwood Run’ as a new avenue for community connection, support and awareness. “Over the course of three events we had 120 serious runners, social joggers and stroller rollers join The Dean Team for a 5km course through Burwood Park – and together we raised over $4,000.“Retail partners, including Nike, rebel and The Athletes Foot, provided $5,000 worth of prizes for runners, allowing them a unique opportunity to engage with a highly targeted audience. “Seeing competitors head into Westfield Burwood after each race for a coffee and some breakfast with new friends highlighted our role as a community hub and the opportunities our Westfield Local Heroes program creates for us to give back, connect and enrich our local communities.“We now have plans underway to roll out a summer series, which is really exciting.”

A multi-run series designed to raise awareness and funds for Parkinson’s NSW.

‘Run Burwood Run’ builds connection and raises awareness

Brian Schwartz AM awarded Honorary Doctorate of LettersBrian Schwartz AM, our former Scentre Group Chair, was awarded an Honorary Doctorate of Letters by Western Sydney University.Speaking to the graduates in the School of Social Sciences Brian said: “I accept this Doctorate of Letters with enormous pride, deep humility and more than a little emotion.“Thank you Western Sydney University. Not just for this honour, but for the work you do every day for the people of this community and beyond.”Brian went on to share the impact of his own education: “I was the first person in my family to graduate from university.“From that beginning, my wife and my children (and indeed, my children in-law) are all university educated, and three grandchildren are studying at university now, with more to come.“Education changes everything, not just for you, but for those who come after you.“That is why when I retired as Chairman of Scentre Group, the Group Chair Ilana Atlas and CEO Elliott Rusanow chose to mark the moment in a meaningful way by establishing scholarships in my name: the Brian Schwartz AM Scentre Group Scholarship for Excellence at Western Sydney University.“Already two wonderful students have been selected from this community – a community which seeks to nurture the potential of migrants, first Australians and first-generation Australians – who remind me of where I once stood.”In closing Brian encouraged the graduates of the day that: “you leave here with something no one can take from you. Use it well. Contribute to your community. Remember where you came from. Put people first. And go and do extraordinary things.”Chancellor of Western Sydney University, Professor Jennifer Westacott AC offered her warm congratulations to Mr Brian Schwartz AM on receiving an Honorary Doctorate of Letters, and thanked him for his strong commitment to supporting students and expanding access to higher education.“Western Sydney University is proud to recognise Mr Brian Schwartz AM for his national leadership, distinguished corporate governance career, and contribution to educational opportunity through the conferral of an Honorary Doctorate of Letters,” said Professor Westacott.“Brian’s personal educational journey exemplifies the transformative power of higher education. His leadership and commitment to supporting students to achieve their aspirations, including through the Brian Schwartz AM – Scentre Group Scholarship for Excellence, are an inspiration to our community and reflect the values of excellence, equity, and opportunity that are central to the University.”About the Brian Schwartz AM – Scentre Group Scholarship for ExcellenceThe Brian Schwartz AM – Scentre Group Scholarship for Excellence is a fully funded university scholarship. It will be awarded to up to four high-achieving undergraduate students over a six-year period.The first recipient, announced in 2024, was Tully Lynch. Tully is using the fully funded scholarship to assist in the completion of his Bachelor of Clinical Science (Medicine) / Doctor of Medicine (MD) at Western Sydney University.In 2025, Rihanna Zayed received the scholarship to assist in the completion of a Bachelor of Nursing at Western Sydney University.The scholarship will be awarded to a third student in the 2026 academic year.Western Sydney University was named number one in the world for its social, economic and environmental impact in the 2025 Times Higher Education (THE) University Impact Rankings for the fourth consecutive year.Biography - Mr Brian Schwartz AMFormer Scentre Group ChairBrian Schwartz was the non-executive Chair of Scentre Group from 2016 to 2023. Brian’s career with Ernst &amp; Young Australia spanned more than 25 years. He rose to the positions of Chair (1996 - 1998) and then CEO of the firm from 1998 to 2004. From 2005 to 2009, Brian was the CEO of Investec Bank (Australia) Limited.  He is a director of a Guardian Early Learning Group company, part of Partners Group, a global private markets investment manager.  Brian was previously Chair of Insurance Australia Group Limited, Deputy Chair of Westfield Corporation, Deputy Chair of Football Federation Australia Limited and a Director of Brambles Limited.

Western Sydney University recognises former Scentre Group Chair

Brian Schwartz AM awarded Honorary Doctorate of Letters

Scentre Group recognised with global HR award for investment in leadership development and capabilityScentre Group, owner and operator of Westfield destinations in Australia and New Zealand, is amongst a cohort of global companies to be recognised for people and leadership practices that place capability at the centre of business transformation.The inaugural HR Pacesetter Award, awarded by global human resources and advisory firm The Josh Bersin Company, has recognised Scentre Group’s investment in leadership development through its bespoke and innovative Enterprise Leadership Program delivered in partnership with the University of Southern California Marshall School of Business Executive Education.The program was designed to build enterprise leadership, strategic thinking, curiosity, and the capability to lead change across the organisation. It combined academic frameworks, simulations and outside-in learning to help leaders transition from functional expertise to broader enterprise leadership and apply that thinking to live business challenges. The program saw 17 leaders complete an immersive on-campus experience at USC Marshall Executive Education, while tailored modules were delivered to a further 200 leaders from across the business in Australia.Scentre Group Chief Executive Officer Elliott Rusanow said: “We are proud to receive this global recognition, which reflects the strength of our people and the deliberate investment we are making in leadership capability.“Our business continues to grow. Our Westfield destinations attracted 540 million customer visits in 2025, in line with our ambition to attract more people, more often and for longer to our destinations. “Delivering on our strategy in the long-term requires us to attract, develop and retain the best talent and capability. As our business evolves, we are investing in leaders that can consider the whole of enterprise, apply commercial judgement and bring an outside-in perspective to decisions that create value for our customers, business partners, communities and securityholders.“Our partnership with USC Marshall Executive Education has enabled us to achieve this in a way that is meaningful to our strategy, our culture and future growth. We have continued to integrate these approaches into our enterprise capability framework.”The judges recognised the strength of the business challenge addressed, the cross-functional nature of the program, its focus on future-oriented capabilities and the clear link between leadership development and measurable business outcomes.Scentre Group Director Human Resources Maria Stamoulis said: “This recognition reflects the strength of the partnership we have built with USC Marshall Executive Education and the deliberate way we have designed leadership development to support our strategy and culture.“This was not an off-the-shelf program. We worked closely with USC Marshall Executive Education to create a tailored experience that helps our leaders apply enterprise thinking to real business challenges and strengthen the capabilities that will matter most for the future.“The recognition from The Josh Bersin Company provides strong external validation of our people strategy and the role leadership development plays in building capability, performance and long-term business impact.”The award was announced at The Josh Bersin Company’s fifth annual Irresistible Conference in Los Angeles and places Scentre Group among organisations delivering creative, data-informed people solutions with measurable business impact.

Scentre Group is amongst a cohort of global companies recognised for people and leadership practices

Scentre Group recognised with global HR award

Luci Corley talks about her career breakWhen Luci Corley, Regional Commercial Retail Manager, learnt career breaks were an employee benefit, she jumped at the opportunity. 

Having recently returned from a 12-month break, she says: “It was never that I wanted to leave, do a different job or work for a different company – I just needed time. The benefit for me and my family was immense, and having returned, I believe the business and my team are benefitting from a renewed level of energy in their manager.”At the end of 2024 I observed that my mind was not in the game. I was still getting through my work, enjoying the job and loved the people I worked with, but I knew I wasn’t operating at my peak. At the same time my husband and I were facing some challenges with our son who had experienced some difficulties since starting school the year before. I didn’t want to leave Scentre Group, but I knew some time away from the workplace was what I needed. I was wondering about how I could make that happen when I received an email about our employee benefits. The list included taking a career break – well that immediately spoke to me.Scentre Group offers our people the opportunity to take extended time off, and I organised to take a career break during 2025. It wasn’t until I was on leave that I realised just how needed that time off was. I was able to focus on my son without worrying about completing a day’s work. Knowing that I could be completely focused on our son to support him through a tough time, reduced the stress the whole family would likely have felt had I been working at the same time. Our son is now thriving in a new school and back to being his happy self. The saying that you’re only ever as happy as your least happy child is something that deeply resonates with me, and my career break was what we all needed to see the light. Now that I’ve returned to work, I see my career break has other benefits too.My time away created an opportunity for another team member to take on a new challenge and build capability by stepping into my role. My team is benefitting from a renewed level of energy in their manager. And I’m delivering for the business in a way, that in hindsight, I just wasn’t capable of in the period immediately before my break. I never wanted to leave our business, so having the opportunity to step away with the security of being able to return is something I deeply appreciate. Knowing that Scentre Group supported me when I needed it the most has built a deeper level of commitment to what I truly see as being a genuine partnership.I’m incredibly grateful that a career break is something we offer as a business.

Having recently returned, Luci shares her experience of taking a 12-month career break.

Luci Corley

Our vision for Westfield Bondi evolutionConstruction is underway on our $240 million redevelopment to deliver a world-leading, lifestyle, entertainment and dining destination on level 6 of Westfield Bondi, with plans to bring more new, first-to-market and flagship experiences to the centre. This follows the successful redevelopment of Level 1 which included repurposing former department store space to introduce a health, wellness and fitness precinct featuring a global-first Virgin Active social wellness club and a rebel rCX store. The introduction of this precinct contributed to an 8.5% increase in customer visitation at Westfield Bondi in 2025.Our CEO, Elliott Rusanow said: “We’re focused on growing the economic activity that occurs at our Westfield destinations. To do this, we are creating more reasons for people to visit and spend more of their time with us. 

“For more than 20 years, customers have come to Westfield Bondi to access the latest and best brands, trends and retail experiences. This continued demand is what’s shaping the centre’s next evolution.  

“Our vision is to create a world-leading lifestyle, entertainment and dining destination by expanding the uses and experiences we offer at the centre, across more hours of the day. 

“We are engaging with some of the best brands and businesses from Australia and around the world to bring more new, first-to-market and flagship experiences to the centre.  

“We will deliver a curated retail mix that is not only compelling but is highly relevant and aligned to how our customers are spending their time.  

“Construction is underway and is progressing well. We’re looking forward to sharing more updates with our community over the coming months.” The precinct’s innovative, architectural design will feature curved ceilings, seating facing a glazed facade to capture the harbour views and a grand skylight to create an abundance of natural light throughout the centre.An elevated Valet experience on Level P4 will connect seamlessly via new lifts to the dining and entertainment precinct.Customers will also see a new food offering and ambience upgrades, including new furnishings and finishes, on level 5.In 2025, Westfield Bondi welcomed luxury fashion house, CELINE to the centre, as well as a first-to-market Princess Polly store and Luxury Escapes’ first NSW store. International art toy brand, POP MART, opened last month.Still to come, globally-renowned luxury fashion and lifestyle brand, ALO, will open its Sydney flagship. The 700 sqm store spanning two levels will showcase the brand’s full range of women, men and unisex styles.Swiss running brand, ON, will also open a flagship store at the centre, its first in NSW.

To create a world-leading lifestyle, entertainment and dining destination.

Our vision for Westfield Bondi evolution

Recognised as a Platinum EmployerScentre Group was recognised as a Platinum Employer at the 2026 Australian Workplace Equality Index Awards event.Our CEO, Elliott Rusanow said: “We are thrilled to have been recognised as a Platinum Employer in the Australian Workplace Equality Index (AWEI).“The AWEI is the national benchmark on LGBTQ+ workplace inclusion and Platinum is the highest ranking.“This recognises our long-term commitment to valuing diversity and nurturing an inclusive culture where everyone belongs.“Thank you to our members of LGBTI+ working group – both today and over the years, LGBTI+ Allies and our team who contribute every day to nurturing a culture where everyone is treated with respect.”Each year Scentre Group takes part in the Australian Workplace Equality Index (AWEI), a national benchmark of LGBTQ workplace inclusion. Our employer ranking is based on a submission about our inclusion initiatives and the results of a survey completed by our people which gauges the impact of our work.Scentre Group is one of 28 organisations awarded the prestigious Platinum Tier this year, including organisations such as Australian Taxation Office (ATO), Capgemini, Deloitte, EY Oceania, Fujitsu Australia, Macquarie University, MinterEllison, NAB, PwC, Queensland Department of Education, QBE Insurance, RMIT University, Special Broadcasting Service (SBS), The University of Queensland, and UNSW Sydney. 

2026 Australian Workplace Equality Index Awards

Recognised as a Platinum Employer

Scentre Group BrandSpace hosts inaugural Upfront, unveiling the World of Wonder and the power of real-world mediaScentre Group’s BrandSpace, the media division of Scentre Group, has hosted its first-ever Upfront, unveiling its new trade positioning, The World of Wonder, centred on delivering immersive, emotionally driven brand experiences at scale.The event brought together some of Australia’s leading marketers, agency executives and brand partners, positioning Scentre Group’s 42 Westfield destinations across Australia and New Zealand as one of the region’s most powerful real world media platforms at a time when capturing customer attention has never been more competitive. BrandSpace is reframing the opportunity, calling on brands to rethink how they connect with audiences, shifting the focus from volume of exposure to rebalancing the equation of premium environments and reach working together. Adam Sadler, Scentre Group BrandSpace Media General Manager, said:“In 2026, brands are turning to environments where attention is earned. I’m proud to unveil our new value proposition, The World of Wonder, which reflects our ability to provide extraordinary brand experiences for our partners. Large Destination Retail is redefining retail out-of-home, now proving to be one of the strongest performing traditional media channels for ROI.”The Upfront reinforced Scentre Group’s strategy and ambition for growth and outlined a series of recent and upcoming BrandSpace and partner initiatives around scaling partnerships, research initiatives alongside new planning tools and measurement findings.  BrandSpaces’ Upfront reflects an ongoing shift in how media platforms should be understood today. Not simply as reach drivers, but by the quality of connections those environments can create.

Scentre Group BrandSpace hosts it's first inaugural Upfront

Scentre Group’s Book ClubWe want to be the place for talent to thrive, so we cultivate an environment that nurtures our people’s wellbeing.HR Director Maria Stamoulis said: “We create opportunities for our people to enrich their lives through the experiences they have with us because if you’re growing personally, you’re growing professionally.“Scentre Group Book Club brings together people from across the business to connect over a shared love of reading and conversation.“We are incredibly lucky that Board Director and Chair of our Risk &amp; Sustainability Committee, Margie Seale, hosts the Book Club. “We support people to travel from across Australia and New Zealand to Sydney to share in what is a singularly unique benefit of being a Scentre Group team member.”So far Book Club has explored Greek Lessons by Nobel Prize winning author Han Kang – chosen for its depth and openness to interpretation, and Paulo Coelho’s The Alchemist – a story chosen for its universal themes of purpose, courage and the pursuit of dreams.Margie Seale, said: “Books have the power to open minds and start conversations that change how we see the world. “What has been most notable is witnessing the depth of reflection and the diversity of perspectives across the Book Club groups. “On each occasion, people had clearly engaged with the books thoughtfully and personally. The insights shared created a rich conversation that reminded us of the value and importance of making time for reflective learning like this within our business.”Michael Diakomichalis, Project Architect, said: “Margie welcomed everyone not as a Board Director, but as a fellow reader and lifelong learner, inviting us to bring our whole selves to the conversation.“Guiding us through the evening were acclaimed cultural commentators Sophie Gee and Jonty Claypole, whose global perspectives and creative energy helped spark expansive discussion.“Sophie is not only a novelist herself, but a Professor of English at Princeton University and the inaugural Vice-Chancellor’s Fellow at the University of Sydney. “Jonty is also an author and former Director of Arts at the BBC where he led award-winning programming and championed accessibility in the arts, and is now the CEO of The Red Room, a global poetry and creative organisation. We were very fortunate to have them in such an intimate setting.”Katie Paull, General Manager HR, said: “The session sparked curiosity, encouraged open-minded discussion, and strengthened our culture of belonging.“True to our ‘outside-in’ mindset, the impact of the Book Club creates a ripple beyond a single evening.”Attendees of our next Book Club event will have the opportunity to explore Hamnet, by Maggie O’Farrell.

We cultivate an environment that nurtures our people’s wellbeing.

Scentre Group’s Book Club

Results of Tender Offer for Non-Call 2030 Subordinated NotesScentre Group (ASX:SCG) today announced the closing of the any and all tender offer of its outstanding US$1,312 million Non-Call 2030 Subordinated Notes (Notes) (A$1,794 million equivalent).US$1,169 million of Notes (A$1,598 million equivalent), representing approximately 89% have been tendered. Settlement is scheduled for 5 May 2026 (New York City time). Under the terms of the Notes, this will enable the Group to redeem all of the remaining Notes at par.The Group intends to exercise its redemption right as soon as practicable after settlement of the tender offer. Following the redemption of all of the Notes, the Group’s liquidity will be approximately A$3.2 billion.The Group intends to restructure its interest rate hedging in order to increase coverage in 2027 and 2028, without reducing coverage in 2026.The Group maintains its target for FFO to be at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year.Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security.The Group acknowledges the current geopolitical volatility, its impact on the broader economy and in particular, the potential impact on the consumer. The Group continues to closely monitor any impact this may have on our business and outlook for 2026.Scentre Group Chief Executive Officer Elliott Rusanow said: “This transaction forms part of the Group’s capital management strategy to execute transactions that continue to deliver long-term earnings growth to our securityholders.”This announcement has been authorised for release by the Chief Executive Officer.

Results of Tender Offer for Non-Call 2030 Subordinated Notes

CEO&#39;s AddressScentre Group Limited
Annual General Meeting
Held on Wednesday, 22 April 2026 at 10:00amThank you Ilana, and good morning everyone. Our strategy is to grow the economic activity that occurs at each of our 42 Westfield destinations located throughout Australia and New Zealand.This continues to deliver strong operating performance and growth in earnings. We are also focused on maximising the long-term economic opportunity from the land we already own.We believe this is a significant and competitive advantage and we are pursuing this opportunity to generate long-term value and growth for securityholders. For the 12 months to 31 December 2025, Funds from Operations was $1,188 million, 22.82 cents per security, up 4.9% on the previous year.  Distributions for the period were $923 million, 17.72 cents per security, up 3.4%. These results represent the Group’s fifth consecutive year of earnings and distributions growth.During 2025, we welcomed 540 million customer visits, an increase of 14 million or 2.7% compared to 2024. I would like to thank and commend our team for delivering these strong results.Creating more reasons for people to spend time with us continues to unlock value for our business partners.  The more customers that visit our destinations, the more our business partners can connect and transact with those customers, efficiently and at scale.In 2025, our business partners achieved sales of $30 billion, a record for the Group.Portfolio occupancy increased to 99.8% as at 31 December 2025, our highest level since 2013.We continued to strengthen engagement with our Westfield members with membership growing by 11% to 5 million during 2025.We have a number of new initiatives planned in 2026 to create even more compelling experiences for customers and communities. Today I am pleased to share that Westfield destinations will celebrate the world’s biggest sporting event in June and July, the FIFA World Cup 2026.In partnership with SBS, matches will be broadcast live across Fan Zones and supported by a calendar of activity.We are looking forward to inviting our communities to come together to support their favourite teams at and experience available only at Westfield. During 2025 we remained focused on repurposing existing space to enhance the customer experience and increase the productivity of our destinations. During the year, we completed the expansion of Westfield Sydney featuring a two-level CHANEL boutique, Moncler and OMEGA. We have taken the opportunity to strategically downsize David Jones at three destinations to introduce in demand and highly productive stores. The redevelopment at Westfield Southland in Melbourne delivered a new family, dining and entertainment precinct, driving visitation growth of 6.5% in 2025.The redevelopment at Westfield Burwood in Sydney welcomed brands ALDI, JB Hi-Fi, Nike and rebel, underpinning visitation growth of 9.3% in 2025. The Group completed the redevelopment of Level 1 at Westfield Bondi in Sydney.The repurposed space features a health, wellness and fitness precinct, including a global first Virgin Active social wellness club and rebel rCX store, contributing to visitation growth of 8.5% in 2025. Following the success of Level 1, we commenced a $240 million investment to redevelop Level 6 of the centre, into a world-leading lifestyle, entertainment and dining destination. Our vision is to expand the uses and experiences we offer at Westfield Bondi to further its position as the premium asset in Sydney. Our 42 Westfield destinations are already the highest quality portfolio in both countries. Our portfolio is irreplaceable. They are located in close proximity to 21 million people and are located on more than 670 hectares of land, adjacent to major transport infrastructure. Approximately 60% of this land is currently utilised, including for car parks.We are working to maximise the long-term economic opportunity of this land we already own, through strategic masterplanning. We are exploring a multitude of potential usages, including student accommodation, health, education and residential as examples.In 2025, we lodged planning proposals at a further six Westfield destinations with the potential to deliver 16,100 dwellings in the future. This builds on zoning permissibility already received for Westfield Hornsby and Westfield Belconnen.We aim to reduce our environmental impact by operating our Westfield destinations as efficiently as possible.During the year we made progress on our environmental initiatives and target to achieve net zero scope 1 and 2 emissions by 2030 for wholly-owned Westfield destinations.We exceeded our interim target of a 50% reduction in scope 1 and 2 emissions by 2025, achieving a 57% reduction across wholly-owned Westfield destinations since 2014.This morning we released an Operating Update. Customer visitation to our 42 Westfield destinations from the beginning of this year to 19 April is 160 million, up 3.1% and representing 4.9 million more visitations than for the same period in 2025.Total business partner sales across the portfolio for the 3 months to 31 March 2026 were $7.0 billion, up 5.0% with specialty sales up 5.3%.In March, total business partner sales increased by 5.4%. Demand for space in Westfield destinations continues to be strong with portfolio occupancy of 99.8% at 31 March 2026, up 20bps since 31 March 2025.Average specialty rent escalations were +5.3% in the 3 months to 31 March 2026.The Group completed 636 leasing deals, achieving average specialty releasing spreads of +3.3%.During 2025 we introduced approximately $2.2 billion of new capital into the Group through the joint venturing of our assets, delivering on a key part of our long-term strategic plan.The Group continues to pursue its capital management strategy including the potential opportunities to further refinance our senior bonds and subordinated notes. In early February, the Group settled the divestment of 19.9% of Westfield Sydney to Australian Retirement Trust, a new strategic partner, for $864 million at a capitalisation rate of 4.69%.In March, the Group completed the redemption by make-whole of US$750 million (approximately $1.15 billion) of 2030 senior bonds.In April, the Group successfully issued a $750 million 6-year senior note in the Australian domestic market with a credit margin of 1.20%.During the period the Group divested its $50 million investment in the Dexus managed fund that acquired a 25% interest in Westfield Chermside in December 2025.Our customer-focused strategy continues to deliver strong operating performance across the portfolio.Based on the Group’s operating performance in the first quarter of 2026, the Group maintains its target for FFO to be at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year.Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security.The Group acknowledges the current geopolitical volatility, its impact on the broader economy and in particular, the potential impact on the consumer. The Group continues to closely monitor any impact this may have on our business and outlook for 2026. On behalf of the entire Scentre team, I thank you for your support.- ENDS -

Scentre Group 2026 AGM - CEO's Address

Chair&#39;s AddressScentre Group Limited  
Annual General Meeting
Held on Wednesday, 22 April 2026 at 10:00amGood morning everyone and welcome to the Annual General Meeting of Scentre Group Limited.  My name is Ilana Atlas, and it is my honour to be the Chair of Scentre Group.  The Company Secretary has informed me that a quorum is present, and I declare the meeting open. Our AGM is being held as a hybrid meeting.  I am conducting the meeting from the Wesley Conference Centre in Sydney and securityholders can also participate online and ask questions on the telephone line.  On behalf of my colleagues, I acknowledge the Gadigal people of the Eora Nation as the traditional custodians of the land we are on. I recognise that people viewing the webcast of this AGM may be on different lands of different Traditional Custodians.I pay my respects to each of their Elders, past and present, and I extend that respect to Torres Strait and Aboriginal peoples here with us today or participating online.[Procedural matters addressed]On stage with me this morning are my fellow non-executive Directors and I welcome them all - Carolyn Kay, Guy Russo, Julie Coates who was appointed non-executive Director in October last year and is standing for election, Mike Ihlein, who is Chair of our Audit and Finance Committee and is retiring from the Board today, Mike Wilkins AO who is standing for re-election, Margie Seale, Chair of our Risk and Sustainability Committee, Catherine Brenner Chair of our Human Resources Committee, and Craig Mitchell and Maureen McGrath our Company Secretary. I would like to welcome Elliott Rusanow our Chief Executive Officer who will speak following my remarks.Members of the Scentre Executive Team are with us today and I welcome them – Andrew Clarke, Chief Financial Officer; Lillian Fadel, Chief Operating Officer and John Papagiannis, Group Director of Businesses.Other members of the Executive Team and Scentre team have joined us today in person or online and I also extend my welcome to them all.Mr Scott Jarrett, representing the Group’s auditors EY, is here today.[Procedural matters addressed]The Group continues to monitor the current challenging geopolitical and macroeconomic environment and the potential business impacts this may have.Importantly, our business has continued to perform strongly during the early part of 2026.Our Purpose, creating extraordinary places and experiences that connect, enrich and are essential to our communities, continues to guide Scentre Group’s focus on delivering growth for securityholders in a responsible and sustainable way.The Group delivered strong financial and operational performance in 2025 and made good progress on strategic priorities.Funds From Operations were $1,188 million, 22.82 cents per security, up 4.9% on the previous year.Distributions for the period were up 3.4% to 17.72 cents per security.Our total securityholder return for the year was 28.3%.In addition to the strong operating performance, the Group made progress on longer term initiatives to grow economic activity at our destinations.These initiatives include ways to grow our core operating business and the unlocking of additional opportunities for growth from our strategic land holdings.Elliott will speak in more detail about our 2025 results as well as year-to-date performance and our outlook following this morning’s release of an Operating Update.I want to recognise Elliott and the entire Scentre team for these results.This is the fifth consecutive year of earnings and distribution growth. The team continues to create value for all stakeholders – our communities, customers, business partners and securityholders.Sustaining a high performing culture where talent thrives is a priority for the Board.Pleasingly we received an employee engagement score of 96 per cent, which places us amongst the top companies globally for the fifth consecutive year.Continuing to invest in our people and growing our talent and team capabilities is critical to the pursuit of operational excellence and growth.As examples, at the end of 2025 we announced two senior leadership changes.Lillian Fadel was appointed Chief Operating Officer, with her accountabilities expanded from Customer, Community and Destination to also include Asset Management, Development, Design and Construction, as well as Data and Analytics.The role and responsibilities of our CFO Andrew Clarke were expanded to include leadership of our strategy to broaden the economic activities and usages across our land holdings as well as our long-term strategic plan.Congratulations to you both.Spending time with our teams in Westfield destinations is one of the most rewarding aspects of our role as Board members, offering firsthand insight into our communities, future plans, and the care our people bring to delivering the Westfield experience, every day.In 2025, we held Board meetings at Westfield Marion and Westfield Warringah and directors visited many other destinations through the year. More visits are planned in 2026.In February the Group published its Sustainability Report as part of our 2025 Annual Report, in line with new Australian Sustainability Reporting Standards.The Board recognises the substantial program of work undertaken to prepare for the transition to these new reporting requirements, especially the cross-functional effort invested in establishing the governance, systems and assurance foundations needed to support the change.Community and connection remain at the heart of our business.In 2025, our community recognition and grants program, Westfield Local Heroes, marked its ninth anniversary.In this time, the Group has invested more than $9.8 million into the resilience and vibrancy of the communities we serve.Each Westfield destination is unique and our community plans and cultural calendars reflect the diverse communities we serve. This is one of the contributing factors to the growth in customer visitation to 540 million visits during 2025.We take our responsibilities as a community destination seriously.In early February this year, the NSW State Coroner concluded the Bondi Junction Inquest into the attack of 13 April 2024.We again extend our deepest condolences to the families and loved ones of the victims and all those impacted.On the second anniversary, the Governor-General announced a special Australian Bravery Decorations honours list.We note the significance of recognising these individuals and thank them all most profoundly.We recognise all who displayed great courage and bravery through their actions on that terrible day, including members of the public, first responders, NSW Police, our business partners, and, particularly, at this securityholders meeting of Scentre Group, our own team. We acknowledge and thank them all.During 2025, we fully supported the careful work of the Coroner.A summary of how the Group has supported its people throughout this period as well as safety and security initiatives introduced since the attack are outlined in our Annual Report and on our website.The safety and security of our customers, our business partners and our team remains the highest priority of your Board.I mentioned earlier that Mike Wilkins and Julie Coates are standing for re-election and election to the Board today.Appointing Directors with an appropriate mix of skills, knowledge, experience and diversity aligned with the strategic direction of the Group is our objective.Julie joined the Board in October last year.Further information about Julie and Mike is contained in our Notice of Meeting and each of them will speak to you later in the meeting.Mike Ihlein will today retire from the Board and as Chair of the Audit and Finance Committee and will be succeeded by Craig Mitchell in this role.On behalf of my fellow Directors, I would like to congratulate Mike and thank him for the significant contribution he has made to our Board. He has been a Director of Scentre Group since its inception in 2014.Mike was the inaugural Chair of the Group’s Risk and Audit Committee, which preceded the Audit and Finance Committee.Mike is an exceptional Director. His strategic, commercial and financial acumen has been highly valued by his Board colleagues and management.During his tenure, Mike has been instrumental in key moments of our company’s history.From the complex transaction resulting in the formation of Scentre Group in 2014, to working closely with the management team during the pandemic, and more recently, on a seamless CEO transition to Elliott’s leadership in 2022, Mike’s advice and judgement has been a crucial element.Mike’s professionalism, unwavering commitment to the work of the Board and legendary attention to detail will be much missed. Thank you Mike from us all.The Board is very proud of the role Elliott and all members of our team play across Australia and New Zealand supporting customers, communities and each other.The Group’s dedication to attracting more people, more often and for longer to our Westfield destinations is delivering long-term value and growth for you, our securityholders. Thank you to the team on behalf of us all. To my Board colleagues, thank you for your commitment to Scentre Group, your diligence, and your good judgement.To you, my fellow securityholders, thank you for your ongoing support of our company.I will now pass to Elliott to share his remarks.- ENDS -

Scentre Group 2026 AGM - Chair's Address

Scentre Group Operating UpdateScentre Group (ASX: SCG) today announced an operating update.  Scentre Group Chief Executive Officer Elliott Rusanow said: “Customer visitation to our 42 Westfield destinations from the beginning of this year to 19 April is 160 million, up 3.1% or 4.9 million more than the same period in 2025.“Our strategy to grow the economic activity that occurs at each of our destinations continues to deliver, with customer visitation growing across all regions.” Operations  Total business partner sales across the portfolio for the 3 months to 31 March 2026 were $7.0 billion, up 5.0% with specialty sales up 5.3%.  Demand for space in Westfield destinations continues to be strong with portfolio occupancy of 99.8% at 31 March 2026, up 20bps since 31 March 2025. Average specialty rent escalations were +5.3% in the 3 months to 31 March 2026.  The Group completed 636 leasing deals, achieving average specialty releasing spreads of +3.3%.  Works have continued to progress on the Group’s $240 million redevelopment to elevate Westfield Bondi as a world leading lifestyle, entertainment and dining destination.  Capital management In early February the Group settled the divestment of 19.9% of Westfield Sydney to Australian Retirement Trust (ART), a new strategic partner, for $864 million at a capitalisation rate of 4.69%. In March the Group completed the redemption by make-whole of US$750 million (approximately $1.15 billion) of 2030 senior bonds. In April, the Group successfully issued a $750 million 6-year senior note in the Australian domestic market with a credit margin of 1.20%. During the period the Group divested its $50 million investment in the Dexus managed fund that acquired a 25% interest in Westfield Chermside in December 2025. Outlook Based on the Group’s operating performance in the first quarter of 2026, the Group maintains its target for FFO to be at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year.  Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security. The Group acknowledges the current geopolitical volatility, its impact on the broader economy and in particular, the potential impact on the consumer. The Group continues to closely monitor any impact this may have on our business and outlook for 2026. Authorised by the Board. 

Scentre Group (ASX: SCG) today announced an operating update.  

Scentre Group Operating Update

Scentre Group (ASX: SCG) announced an operating update.

Scentre Group Prices $750 million of Senior NotesScentre Group has priced a $750 million 6-year senior note issue in the Australian domestic market.  The notes carry a fixed rate coupon of 5.85%, which has been swapped to floating rate to reflect a margin of 1.20% over 3-month BBSW. Proceeds of the issue will be used to repay existing indebtedness including borrowings under the Group’s revolving bank facilities. Settlement is scheduled for 22 April 2026.  This transaction aligns with the Group’s capital management strategy to extend the weighted average maturity of debt and reduce the overall weighted average cost of capital.  This announcement has been authorised for release by the Chief Executive Officer.

Scentre Group has priced a $750 million 6-year senior note issue in the Australian domestic market.

Scentre Group Prices $750 million of Senior Notes

Scentre Group Delivers 4.9% Growth in Funds From Operations (FFO) to $1,188 million for 2025Scentre Group (ASX: SCG) today released its results for the 12 months to 31 December 2025 with Funds From Operations (FFO) of $1,188 million (22.82 cents per security), up 4.9% on the previous year. Distributions for the period are $923 million (17.72 cents per security), up 3.4%. Statutory Profit for the period was $1,779 million. Scentre Group Chief Executive Officer Elliott Rusanow said: “Our strategy is to grow the economic activity that occurs at each of our 42 Westfield destinations located throughout Australia and New Zealand. This strategy continues to deliver strong operating performance and continued growth in earnings.“Our focus is to attract more people to our destinations and give them reasons to stay longer when they are with us. “By doing this, we continue to improve our ability to attract a broader range of businesses to partner with us at our Westfield destinations. “Our strategy is also focused on how we better utilise our substantial and unique land holdings at our destinations, to create additional long term growth for the Group.“Our 2025 results represent our fifth consecutive year of earnings and distributions growth and we expect these to continue to grow in the years ahead.”During 2025 the Group welcomed 540 million customer visits, an increase of 14 million or 2.7% compared to 2024. In the first 53 days of 2026, customer visitation was 79 million, an increase of 3.1% compared to the same period in 2025.Business partners achieved a record $30.0 billion of sales during 2025. This is $1.0 billion or 3.6% more than in 2024, with the second half growing by 4.5%. For the month of January 2026, business partner sales grew by 5.4% on the comparable period.Strong demand for space in our destinations resulted in portfolio occupancy increasing to 99.8% at 31 December 2025, representing the Group’s highest level of occupancy since 2013. During 2025, average specialty rent escalations were 4.5% and 3,090 leasing deals were completed with new specialty lease spreads of 3.2%.This strong operating performance has driven 4.8% growth in Net Operating Income on a like-for-like basis.The Group continues to strengthen engagement with Westfield members with membership growing by 11% to 5 million during 2025.Westfield destinationsThe Group continues to repurpose existing space to enhance the customer experience and increase the productivity of its destinations. During the year, the Group completed the expansion of Westfield Sydney featuring a two-level CHANEL boutique, Moncler and OMEGA. On behalf of Cbus Property, the Group has completed construction of the adjoining commercial space and expects to complete the residential component during the first half of 2026.The Group has taken the opportunity to strategically downsize David Jones at three destinations to unlock space to introduce in-demand and highly productive stores.The $72 million (SCG share: $36 million) redevelopment at Westfield Southland in Melbourne delivered a new family, dining and entertainment precinct, driving visitation growth of 6.5% in 2025.The $48 million (SCG share: $24 million) redevelopment at Westfield Burwood in Sydney welcomed brands ALDI, JB Hi-Fi, Nike and rebel, underpinning visitation growth of 9.3% in 2025.The Group completed the $28 million (SCG share: $28 million) redevelopment of Level 1 at Westfield Bondi in Sydney. The repurposed space features a health, wellness and fitness precinct, including a global first Virgin Active social wellness club and rebel rCX store, contributing to visitation growth of 8.5% in 2025. Mr Rusanow said: “Following the success of Level 1, we are excited to announce the commencement of a $240 million investment at Westfield Bondi to redevelop Level 6 into a world-leading lifestyle, entertainment and dining destination.”Capital and investment managementJoint venture partnershipsMr Rusanow said: “During 2025 we introduced approximately $2.2 billion of new capital into the Group through the joint venturing of our assets, delivering on a key part of our long-term strategic plan.”The Group successfully completed a 50% joint venture of Westfield Chermside in Brisbane with Dexus for $1.3 billion at a capitalisation rate of 5.0%.In December, the Group announced a new strategic partnership with Australian Retirement Trust purchasing a 19.9% interest in Westfield Sydney for $864 million, at a capitalisation rate of 4.69%. Scentre Group remains the property, leasing and development manager of both Westfield Chermside and Westfield Sydney. Refinancing activityIn March, the Group completed the make-whole redemption of the remaining Non-Call 2026 Subordinated Notes totalling $1.0 billion with a margin of 4.7%. This was funded through a combination of a new issue of $650 million Non-Call 2031 Subordinated Notes at a margin of 2.0%, and $350 million of drawings under existing bank facilities. In September, the Group issued $1.0 billion of 10-year senior notes in the Australian domestic market at a margin of 1.38%. In October, the Group issued €500 million (approximately $900 million) of 8-year senior notes at a margin of 1.295%, marking a return to the European market after several years. The Group’s level of interest rate hedging was 99% at an average base rate of 2.98% at January 2026 and 82% at an average rate of 3.01% at December 2026.As at 31 December 2025, the Group had available liquidity of $5.2 billion.New capital and investment management initiativesFollowing the successful joint venturing of assets, the Group intends to redeem by make-whole US$750 million (approximately $1.15 billion) of 2030 senior bonds with a margin of 4.2% by drawing on existing bank facilities.Scentre Group regularly reviews its investment in Carindale Property Trust (ASX:CDP) and considers that the acquisition of further units in CDP represents an attractive investment opportunity. The Group intends to increase its investment in CDP, with any acquisition of units subject to prevailing market conditions and governed by the “creep provisions” of the Corporations Act.Strategic land holdingsThe Group is one of the largest land holders in the most densely populated areas across metropolitan centres in Australia and New Zealand. Our Westfield destinations are located on more than 670 hectares of land, close to major transport hubs and where millions of people live and work.During the year, the Group lodged planning proposals at a further six Westfield destinations with the potential to deliver 16,100 dwellings. We are focused on generating greater economic activity in and around our destinations through better use of our strategically located land.SustainabilityThe Group’s Sustainability Report has been prepared in line with new Australian Sustainability Reporting Standards requirements.Progress continued on the Group’s environmental initiatives and its target to achieve net zero scope 1 and 2 emissions by 2030 across wholly-owned Westﬁeld destinations. The Group exceeded its interim target of a 50% reduction in scope 1 and 2 emissions by 2025, achieving a 57% reduction across wholly-owned Westfield destinations since 2014.The Group achieved its 2025 NABERS target of an average Retail NABERS Energy rating of 4.5 stars.OutlookMr Rusanow said: “Our strategy to grow the economic activity at our Westfield destinations by attracting more people to our destinations, broadening the businesses that partner with us, and better utilising our substantial land holdings, is expected to continue to deliver sustainable long-term growth in earnings and distributions.”Subject to no material change in conditions, the Group’s target for FFO is at least 23.73 cents per security for 2026, representing at least 4.0% growth for the year. Distributions are expected to grow by 4.0% for 2026 to 18.43 cents per security. 

Authorised by the Board.

Scentre Group Delivers 4.9% Growth in Funds From Operations (FFO) to $1,188 million for 2025

SCG announced its results for the 12 month period ending 31 Dec 2025

2025 Full Year Results

Max RobertsMax Roberts, Group General Manager Operations Finance, shares how he found his way to accounting and built his technical and leadership skills throughout his career journey.My Dad was an accountant and was adamant I shouldn’t be one, so my commerce degree was in Marketing – avoiding all finance and accounting subjects. Long story short, I ended up working at PwC in a non-finance role. They convinced me to join them on the accounting side, supporting me to complete all the missed accounting subjects and my Chartered Accounting qualification. Turns out I was quite good at it and enjoyed it. After five years, I joined Westfield as a Leasing Finance Analyst – that was in 2010!It’s been 16 very rewarding years with the business since.Working at Scentre Group has provided so many opportunities to apply and grow my technical, commercial and leadership skills. It’s been a place where I could bring my technical finance skills to the table and be a key part of the team, not just a support function providing analysis and reporting. This proximity to the business has given me a front row seat on how various executives lead, negotiate, navigate challenges, read the play and make decisions. Observing this I’ve been able to take the good to mould how I should perform and lead in my role today.  The challenge of working somewhere for so long is ensuring you get a view of what’s happening outside in the broader market. I maintain my external networks to understand what is happening from a technical, commercial and technology perspective. Also, at Scentre Group we are incredibly privileged to have access to world class leadership development through programs such as Thrive and our partnership with USC – both of which have helped shape and grow my leadership skills.My advice to others would be to put your hand up for new experiences, even if you think you don’t have all the skills required. Chances are there will be someone in the business who has and will be willing to help. The most rewarding experiences of my career have been when I embarked on something that I wasn’t fully equipped in. By remaining humble, curious and leveraging the breadth of our team - it’s amazing what can be achieved.

Max shares how he found his way to accounting and built his technical skills.

Max Roberts

NSW State Coroner - Bondi Junction InquestScentre Group acknowledges the release of the NSW State Coroner’s Findings and Recommendations.As the Bondi Junction Inquest concludes, we again express our deepest condolences to the families and loved ones of the six innocent people who lost their lives, and to all those affected by the devastating attack on 13 April 2024. We recognise the brave and courageous actions of many of our team members and business partners in their response on the day of the attack, along with members of the public, first responders and NSW Police.The impact of the attack on our community and people has been profound, and the process of healing and recovery continues for many.We fully supported the careful process undertaken by the NSW Coroner to reflect, learn and understand how public safety could be improved in the future. The Group will review the final Inquest report in detail.The safety of our customers, business partners and people remains our highest priority.

NSW State Coroner - Bondi Junction Inquest

Summary: Security initiatives introduced since 13 April 2024 across Westfield destinationsScentre Group has introduced several new initiatives to further enhance safety and security within our 42 Westfield destinations across Australia and New Zealand, including at Westfield Bondi. These include the introduction of vests and team safety cameras for our security officers, improvements to the Westfield Bondi Control Room, engaged paid police to bolster presence at Westfield Bondi, as well as enhancements to training, policies and procedures and ongoing technology trials to strengthen emergency response across our portfolio. Background information is also available in the Bondi Junction NSW Coronial Inquest transcript, dated 28 November 2025, page 6 and 7, on the NSW State Coroner’s website.Examples of initiativesStrengthened security measuresSecurity vests have been implemented for all security officers and were rolled out within weeks after 13 April 2024.Team safety cameras have been deployed to security officers, with an accompanying training program and policies.Metal detection wanding has been conducted by NSW Police in shopping centres, including at Westfield Bondi, since May 2025. Police in other jurisdictions also carry out similar activity in other Westfield destinations.Scentre Group has engaged a paid police presence at Westfield Bondi and continues to liaise with New South Wales Police regarding future arrangements. Improved policies and proceduresWith the comprehensive external review of the Scentre Group Emergency Response Guidelines (Red Book) in 2024, already described as best practice, there have been some updates and improvements. Pre-recorded public announcements have been rolled out. Clear policy and signage have been implemented in the Westfield Bondi Control Room directing that the Control Room must not be left unoccupied during core trading hours. Scentre Group continues to explore how artificial intelligence technology can enhance situational awareness.  Enhanced trainingAdditional rehearsal training has been rolled out in all Westfield centres, involving simulated scenario exercises conducted after hours, and extending to more staff, including cleaners, concierge, and car park staff.Chief warden training has been enhanced with a focus on self-regulation under pressure.  New online training modules have been introduced, including on active armed offender, emergency fundamentals, radio communications and protocols.Mandatory pre-commencement training for security guards has been enhanced.Supporting Federal Government public safety campaign – Escape.Hide.TellDuring 2025, we proactively supported the Australian Government in its launch of its public safety campaign, Escape. Hide. Tell, by displaying the critical message across our smart screen network within our Westfield destinations. We shared information about Escape. Hide. Tell with our business partners.

Summary: Security initiatives introduced since 13 April 2024 across Westfield destinations

Australian Retirement Trust becomes a new joint venture partner at 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 property, leasing and development manager.Scentre Group Chief Executive Officer Elliott Rusanow said: “We are very pleased to establish a new strategic partnership with Australian Retirement Trust. Westfield Sydney is an iconic destination located in the heart of Sydney’s CBD, visited by more than 33 million customers each year and generating total business partner sales in excess of $1.1 billion.“This transaction follows the recent joint venturing of 50% of Westfield Chermside in Brisbane with two Dexus funds for $1.3 billion.“Introducing new capital, through joint venturing our assets, forms a key part of our long-term strategic plan. During 2025, we have announced approximately $2.2 billion of new third party capital coming into the Group through the joint venturing of our assets.“In 2001 Scentre Group – and previously Westfield Group – acquired, aggregated and subsequently developed the Westfield Sydney precinct. The mixed-use development undertaken by the Group since our ownership included 97,500 sqm of retail and 74,000 sqm of office space across three office towers. “Over this time, the Group has invested $3.3 billion into the Westfield Sydney precinct.“In 2019, the Group sold the three office towers for $1.5 billion.“Combined with today’s announcement, Scentre Group has now realised approximately $2.4 billion from Westfield Sydney. “As a result, our net investment in Westfield Sydney is now $0.9 billion and our remaining 80.1% interest is valued at $3.5 billion. This represents an increase of almost 4 times our capital investment in Westfield Sydney since acquisition.“Today’s announcement, and our recent announcements regarding Westfield Chermside, demonstrate our ability to source capital, create extraordinary destinations and realise substantial value for our securityholders.”Settlement is expected in early February 2026.Authorised by the Board.

Australian Retirement Trust will purchase a 19.9% interest in Westfield Sydney

New joint venture partner at Westfield Sydney

Condolence Statement: Bondi BeachThis is a time of immeasurable grief for many across our communities.We extend our deepest and heartfelt condolences to the families of those who have lost loved ones, and all who have been injured or impacted by the terrorist attack targeting the Jewish festival of Chanukah at Bondi Beach.We recognise the brave actions of first responders, law enforcement and emergency services personnel in response to this terrible event.We thank our communities for drawing on their deep resilience and compassion to support each other through this difficult time.

Condolence Statement: Bondi Beach

Scentre Group introduces new joint venture partner for a further 25% interest in Westfield Chermside, Brisbane for $683 millionScentre Group (ASX: SCG) today announced a new Dexus managed fund will purchase a 25% interest in Westfield Chermside, Brisbane for $683 million.The purchase price represents Scentre Group’s book value at 30 June 2025 and a valuation capitalisation rate of 5.00%.The transaction follows the introduction of the Dexus Wholesale Shopping Centre Fund (DWSF) as a 25% joint venture partner in Westfield Chermside in July 2025.Upon completion, Scentre Group will own 50% of Westfield Chermside directly and remain the property, leasing and development manager. Scentre Group will invest $50 million into the new Dexus managed fund as a foundation investor. This investment in the fund is expected to be held for a temporary period.Scentre Group Chief Executive Officer Elliott Rusanow said: “Following these transactions, approximately $1.3 billion of new capital will have been introduced into the Group. “This is consistent with our long-term capital management strategy and provides the Group with further capital to pursue our strategic objectives and deliver sustainable growth for our securityholders.”Settlement is expected before the end of the year.Authorised by the Board

New joint venture partner for a further 25% interest in Westfield Chermside.

New joint venture partner in Westfield Chermside

Jamie&#39;s immersion experience in La PerouseAs a member of our Reconciliation Action Plan working group, Jamie Hogg, Marketing Executive at Westfield Knox, completed Scentre Group’s first secondment through Jawun earlier this year. Jawun is an innovative not-for-profit that increases the capacity of Indigenous leaders, organisations and communities to achieve their own development goals. They facilitate long-term engagement, through partnerships with corporate, government and Indigenous Australia, to achieve locally driven aspirations.Jamie said: “I’m a descendant of the Palawa people in Tasmania and learning more about that history has been a big passion of mine.“I put myself forward to join the Reconciliation Action Plan working group as another way for me to build connection, so when I was offered the opportunity to complete the secondment it was really exciting as it is a completely immersive experience. “It was also fabulous for my professional development – and I got to learn so much while I was working with the Gujaga Foundation in La Perouse.“To begin the secondment, I spent three days being inducted. This included cultural awareness training, a Dharawal language workshop, cultural tours, a community boxing class and introductions to a wide range of Indigenous Organisations throughout the region.  “Having spent this time immersed in the La Perouse community I have a much deeper understanding of the history and culture. It was also wonderful to meet so many new people.“The Gujaga Foundation works in the Dharawal cultural space. “Their purpose is to support the La Perouse Aboriginal community by reviving, developing and passing down Dharawal language and culture. They also provide further services to the wider Coastal Sydney and Illawara region through cultural experiences, language classes, research and consulting.“Using my marketing and digital expertise, I supported them to strengthen their marketing and website capability to increase the visibility of the Gujaga Foundation and its auspice organisation, the Coastal Sydney and Illawarra Traditional Owner Aboriginal Corporation.“My project focused on a refresh of their website. Following that, I facilitated a handover so they can continue to update the website into the future and promote their work.“I’ve been really inspired by the young leaders in La Perouse and all the incredible work they’re doing to support their community. It’s given me a lot to learn from, and I’ve been able to bring back skills and insights into how I work within the Westfield Knox and wider team and how we support our own community.“It was such a fulfilling opportunity. I would tell anyone interested in a secondment to do it. As long as you’re open to learning, you will leave any secondment with heart-warming memories for life.”Learn more about the Gujaga Foundation 

Jamie Hogg completed Scentre Group’s first secondment through Jawun.

Jamie's immersion experience in La Perouse

Scentre Group Operating UpdateScentre Group (ASX: SCG) today announced an operating update. Scentre Group Chief Executive Officer Elliott Rusanow said: “Customer visitation to our 42 Westfield destinations in the 45 weeks to 9 November 2025 is 453 million, up 3.1% or 13.5 million more than the same period in 2024. “Total annual business partner sales across the portfolio to 30 September 2025 were $29.5 billion, up $760 million compared to the same period in 2024. For the three months ended 30 September 2025, our business partners achieved total growth in sales of 3.7% with specialty sales up 4.4%.“Demand for space from a diverse range of business partners is strong. Portfolio occupancy is 99.8% as at 30 September 2025, up 40bps on the same period in 2024. The Group recorded average specialty rent escalations of 4.4% in the 9 months to 30 September 2025 and completed 2,366 leasing deals, achieving average specialty releasing spreads of +3.0%. “The Westfield membership program now exceeds 4.8 million members, an increase of 600,000 compared to 30 September 2024. We continue to invest in unique offers and experiences to strengthen member engagement and drive visitation.”In October, the Group announced the recipients of the 2025 Westfield Local Heroes program. Now in its eighth year, the Westfield Local Heroes program has awarded over $9.8 million in grants to nearly 1,000 community organisations since 2018.The Group continues to reinvest in its destinations to repurpose space and introduce new brands and experiences as part of its customer strategy. In October, the Group opened the last stage of the $48 million (SCG share: $24 million) redevelopment of Westfield Burwood in Sydney, welcoming brands ALDI, JB Hi-Fi, Nike and Rebel.This follows the June opening of the first stage of the $72 million (SCG share: $36 million) redevelopment at Westfield Southland in Melbourne, which included an extended family, dining and entertainment precinct. The remaining stage of the upgraded David Jones will open this month.In July, the Group opened the new health, wellness and fitness precinct on level 1 of Westfield Bondi in Sydney featuring a global first Virgin Active social wellness club and a Rebel rCX concept store. The upgrade of the lifestyle, entertainment and dining offer at Westfield Bondi will commence later this year.This follows the investments in Westfield Mt Gravatt and Westfield Carindale in Brisbane, and Westfield Tea Tree Plaza in Adelaide, which have led to a significant uplift in customer visitation and business partner sales.During the period, the Group continued its active capital management strategy to diversify its sources of capital. In September, the Group issued $1.0 billion of 10-year senior notes in the Australian domestic market at a margin of 1.38%. In October the Group issued €500 million (approximately $900 million) of 8-year senior notes at a margin of 1.295%, marking a return to the European market after several years.OutlookThe Group reconfirms that subject to no material change in conditions, the Group’s target for FFO is 22.75 cents per security for 2025, representing 4.3% growth for the year. Distributions are expected to grow by 3.0% to 17.72 cents per security.Authorised by the Chief Executive Officer.

Creating pathways for diverse leadershipOur 2025 Female Leadership Program enables a pipeline of leaders by equipping them with the tools to take on more senior and diverse roles across the organisation. This year’s program was designed to dismantle systemic barriers, foster deep self-awareness, and create tangible pathways for women to step confidently into senior leadership roles. Participants engaged in a series of workshops and coaching sessions, exploring their unique leadership styles, building confidence in their authenticity, and developing the influence and presence to lead with impact. The program culminated with conversations between participants and members of our Board over an intimate boardroom lunch. Long after the formal program is complete, Executive Sponsors, our Board and line managers coach and challenge the group to support our female leaders continue their development.For Djazia Ladjal, Principal Data Scientist, the program was a journey of self-discovery: “The Female Leadership Program has helped me realise what true leadership means. It’s not about following frameworks or rules but leading with purpose, empathy and confidence from within. “It was an honour to share lunch with our Scentre Group Board. This highlights their personal investment in the program which I am very grateful for. Our discussion on AI, fulfilment and life balance - including the reminder to prioritise health and family - was both grounding and inspiring.“This is a truly unique initiative, and it was a privilege to be part of it.”Sponsorship is central to the program’s success. Senior leaders amplify the visibility, readiness, and career momentum of emerging female talent. David Black, General Manager Data &amp; Analytics, shared: “It was inspiring to see the level of dedication that went into this program from Djazia and those involved in facilitating. It was a clear commitment to the growth and development of the future talent here at Scentre Group.“The results have been immediate and remarkable. The program’s focus on presence and storytelling has given Djazia the confidence to embrace her authentic leadership style. She is committed to leading with clarity and an enterprise mindset that will have a real impact for our business.”

Our 2025 Female Leadership Program enables a pipeline of leaders.

Creating pathways for diverse leadership

Scentre Group receives 5-star rating in GRESB for sixth consecutive yearWe have once again received a 5-star rating in the 2025 GRESB Real Estate Assessment, Development. This is the sixth consecutive year that we have been placed within the top 20% of the Development benchmark.We have also continued to achieve a Green Star designation across both the Standing Investments and Development benchmarks. Our CEO, Elliott Rusanow said this reflects our commitment to growing responsibly and sustainably: “We aim to reduce our environmental impact and leave a positive legacy for communities as we create the places that more people choose to come, more often and for longer. “Acting responsibly and sustainably is embedded within our business operations and it contributes to how we create value.“Being awarded a 5-star rating by GRESB for the sixth consecutive year reflects our ongoing commitment and improved performance.”Since 2014, Scentre Group has achieved a 41% reduction in Scope 1 and 2 emissions across its Westfield destinations. We have on-site solar installations at nine Westfield destinations across our portfolio with a total solar generation capacity of 12.2MW.In 2024, we diverted 52% of waste from operations from landfill and this year we introduced a strategic water efficiency plan to reduce water intensity across our destinations. 

GRESB Real Estate Assessment, Development

126 stories to celebrate: 
Westfield Local Heroes announced for 2025Westfield destinations across Australia and New Zealand have announced their Westfield Local Heroes for 2025, celebrating individuals and their organisations who have made a significant impact in their communities.  Now in its eighth year, the Westfield Local Heroes program has awarded over $AUD 9.8 million in grants to 991 community organisations since its inception in 2018. The program recognises and celebrates individuals and groups dedicated to their communities by shining a spotlight on nominees and their work. The successful Hero from each of the 42 Westfield destinations is awarded a $20,000 grant for the organisation or group they represent, and the two finalists each receive a $5,000 grant.
Our Westfield Hurstville Westfield Local Hero finalists for 2025: Ramya Badrintha, Alana Singleton and Nick OongEarlier in the year, Australians and Kiwis were invited to nominate people who go above and beyond for their local community or environment. The voting phase saw a record number of votes cast by 74,000 members of the public across Australia and New Zealand, selecting the successful Westfield Local Hero grant recipient at each Westfield destination.Pam Wilson, Scentre Group National Community Experience Manager said: “We are thrilled to announce the Westfield Local Heroes grant recipients for 2025 and recognise the positive impacts these people are making within our community.“As we round out the eighth year of the program, we continue to be astounded by the selfless contributions these individuals make, and we’re pleased to be able to recognise their achievements and grow their impact through the program.”This year, Westfield has awarded 126 grants across Australia and New Zealand through the Westfield Local Heroes program. Nominations for 2026 Westfield Local Heroes are now open, offering more opportunities for grant support to benefit local communities.  For more information, visit www.westfield.com.au/local-heroes | https://www.westfield.co.nz/local-heroes or your local Westfield centre website.*Westfield Local Heroes grants are provided in Australian and New Zealand dollars.

A record number of votes cast for 126 Westfield Local Heroes grants this year.

Westfield Local Heroes announced for 2025

Supporting Jawun&#39;s Indigenous Secondment ProgramThis year we formalised our partnership with Jawun to support their Indigenous Secondment Program.Jawun is an innovative not-for-profit that increases the capacity of Indigenous leaders, organisations and communities to achieve their own development goals. They facilitate long-term engagement, through partnerships with corporate, government and Indigenous Australia, to achieve locally driven aspirations.For partners, working with Indigenous-led organisations offers powerful lessons in embedding values of trust and community accountability in the way they do business. Secondees return with a deeper connection to Indigenous Australia and the motivation to pass on the lessons and experiences gained during their secondment within their own networks. For Indigenous leaders, the partnerships provide access to a highly skilled and experienced network, presenting valuable opportunities for learning, collaboration and leadership development.Kate Cutler, Employee Experience Manager said: “We’re excited to be realising the full extent of our partnership with Jawun.“Initially our engagement focused on executive immersion into the West Kimberley and Inner Sydney Redfern and La Perouse.“To date six Scentre Group executives have completed these valuable immersions and the feedback is always that it is a deeply personal and eye-opening learning experience.“Through formalising our partnership with Jawun to include six-week secondee placements for our team members we are extending these learning opportunities throughout the business, accelerating our learning and our impact through the transfer of shared skills and expertise.”Team members will have the opportunity to experience a secondment with organisations in the Inner Sydney communities of Redfern and La Perouse across 2026 and 2027. 

This year we formalised our partnership with Jawun.

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