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Commercial Property

Westfield shopping centre operator Scentre posts $400 MILLION boost to profits despite lockdowns in Sydney and Melbourne

Westfield shopping centres operator Scentre has swung to a half-year profit of $400.4 million as customer traffic rebounded when lockdowns eased in the first half of the year.It had posted a loss of $3.6 billion for the same period last year after writing down the value of its shopping centres in the initial stages of the pandemic.Revenue from its…
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