“Can a large-format retail property REIT leverage digital infrastructure and embedded finance partnerships to modernise lease management, tenant services, and customer loyalty for Westfield centres in Australia and New Zealand?”
Scentre Group was created in 2014 when Westfield Group demerged its Australian and New Zealand operations, listing separately on the ASX as a real estate investment trust (REIT). The company owns and operates Westfield-branded living centres across Australia and New Zealand. Scentre has pursued digital initiatives including the Lygon blockchain-based property lease verification platform in partnership with ANZ, CBA, Westpac, and IBM, signalling an interest in fintech-adjacent infrastructure for its commercial property operations.