Tuesday, 25 August, 2020 - 09:00
Westfield operator posts $3.6bn loss
Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.
Peter Allen is an executive director and chief executive of Scentre Group.
Prior to the establishment of Scentre Group in 2014, he was an executive director and chief financial officer of Westfield Group. Mr Allen joined Westfield in 1996 and was chief executive of the United Kingdom / Europe from 1998 to 2004. Prior to joining Westfield, he worked for Citibank in Melbourne, New York and London.
Mr Allen is chair of the Shopping Centre Council of Australia and a director of the Victor Chang Cardiac Research Institute.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
476th | VGI Partners Global Investments">VGI Partners Global Investments | 26.29% | 0.66% |
477th | NEXTDC">NEXTDC | 26.27% | 20.23% |
478th | Carindale Property Trust">Carindale Property Trust | 26.16% | 0.32% |
479th | AGL Energy">AGL Energy | 26.09% | -6.2% |
480th | Coles">Coles | 26.04% | 6.62% |
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NEW ROLE: Non-Executive Director, Coles | 09 Sep 2024 |
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NEW ROLE: Non-Executive Director, Victor Chang Cardiac Research Institute | 10 Aug 2022 |
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NEW ROLE: Executive Director, Chief Executive, Carindale Property Trust | 03 Nov 2020 |
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REMUNERATION UPDATE: Chief Executive, Executive Director, Scentre Group | 02 Nov 2020 |
Westfield shopping centres operator Scentre Group and property company Stockland have both reported write downs on the values of their assets, pointing to the impacts of COVID-19.
Investors in Westfield-owners Scentre Group have served a 'first strike' on executives' pay, after the company leaders produced a full-year loss and reduced final dividend.
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.
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