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Australian Retirement Trust Takes 50% Stake in Westfield Mt Gravatt
4:03pm on Monday 24th of August, 2026 AEST
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Real Estate
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Australian Retirement Trust Takes 50% Stake in Westfield Mt Gravatt
4:03pm on Monday 24th of August, 2026 AEST
Key Points
ART acquires 50% interest in Westfield Mt Gravatt for $882.5 million
Transaction includes $870 million property stake and $12.5 million adjacent land
Deal priced at 5.50% capitalisation rate and 3.5% premium to December 2025 book value
Scentre Group retains 50% ownership and management control
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