Australian Retirement Trust – Interests in non-rental income (Westfield Sydney)
Australian Retirement Trust Pty Ltd as trustee of the Australian Retirement Trust (**ART**) is an Australian superannuation fund. ART manages retirement savings for >2.4 million members and >207,000 participating employers across Australia as at 30 June 2025. ART has limited interests in a small number of shopping centres in Sydney and New South Wales. Scentre Group Limited (ASX: SCG) (**Scentre Group**) is an ASX-listed Australian real estate investment trust established in 2014. Scentre Group owns, develops and manages a portfolio of 42 Westfield shopping centres across Australia and New Zealand, including Westfield Sydney. Its business encompasses property investment, development, design, construction, leasing and asset management. ART (through a wholly owned trust) has entered into an agreement with various wholly owned Scentre Group entities to acquire either: * a 19.9% interest in certain digital advertising assets located at Westfield Sydney, and the non-rental revenue associated with certain digital and other advertising within Westfield Sydney, valet services, gift cards and other ancillary or incidental non-rental income; or * only the non-rental revenue associated with certain digital and other advertising within Westfield Sydney, valet services, gift cards and other ancillary or incidental non-rental income (the **Acquisition**). The Acquisition is related to ART’s proposed acquisition of a 19.9% interest in the property trusts that own the various parcels of land that comprise Westfield Sydney, announced 23 December 2025.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Waiver application
- Notified
- 24 January 2026
- Determination published
- 20 February 2026
Acquirers
- QIC TT COMPANY PTY LTD
Targets
- SCENTRE GROUP TRUST 3
- SCENTRE ALLIANCES PTY LIMITED