Aug 24, 2026 – 5.51pmWestfield owner Scentre Group has sold a half interest in Westfield Mt Gravatt in Brisbane for $882.5 million to Australian Retirement Trust, the second such deal it has done with the super fund giant, as it looks to tap fresh capital for its development program.The Brisbane deal was announced on Monday afternoon, a day before Scentre is due to hand down its interim earnings result, led by chief executive Elliott Rusanow.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Westfield owner Scentre sells $883m Brisbane mall stake to super fund
The divestment comes as CEO Elliott Rusanow pursues an ambitious plan to develop housing at the Westfield malls, with around 20,000 apartments in the pipeline.






