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News: SCG Australia's Scentre Group buys 50 pct stake in Sydney property for $533 mln

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    July 11 (Reuters) - Property manager Scentre Group (SCG) said on Wednesday it bought a 50 percent stake in a Sydney shopping centre for A$720 million ($533.23 million).

    The property, known as Westfield Eastgardens, is located in Sydney's south-eastern suburb and is currently owned by the Terrace Tower Group and managed by Scentre, the company said in a statement.

    ($1 = 1.3503 Australian dollars)

 
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