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Latest retail property news

Scentre Group tips retail recovery Scentre Group, the owner and operator of Westfield shopping centres in Australia and New Zealand, has reported a positive March 2020 quarterly operational update, signalling its belief in a strong retail recovery. All its centres took a hit across the board during the lockdown. As government restrictions were implemented, foot traffic fell during March and April to a low of 39 per cent of the previous year’s level, compared with the 1.9 per cent increase expe