Processing timeline
28
days
Filed
28 July 2026
Acquirer(s)
QIC Investments No.5 Pty Ltd as trustee for Mondrian Hold Trust ABN - 66 682 890 035
Target(s) or Vendor(s)
THE TRUSTEE FOR SCENTRE GIFT CARD TRUST ABN - 78 407 025 369, The Trustee for WESTART TRUST ABN - 81 342 268 847, SCENTRE ALLIANCES PTY LIMITED ABN - 53 098 357 521
Other parties
SCENTRE GROUP LIMITED ABN - 66 001 671 496, The Trustee for Banksy Trading Trust ABN - 44 343 260 791, THE TRUSTEE FOR AUSTRALIAN RETIREMENT TRUST ABN - 60 905 115 063
Australian Retirement Trust, through vehicles managed by QIC Limited, is acquiring a 50% interest in the Westfield Mt Gravatt shopping centre from Scentre Group entities. This transaction involves a major retail property asset in Brisbane, expanding Australian Retirement Trust's existing retail property portfolio.
Australian Retirement Trust Pty Ltd as trustee for Australian Retirement Trust ( ART ) (via wholly owned investment vehicles managed by QIC Limited and/or its related bodies corporate ( QIC )) is proposing to acquire from certain Scentre Group (ASX:SCG) ( Scentre ) entities a 50% interest in the Westfield Mt Gravatt shopping centre which includes certain associated non-rental income streams that are ancillary and incidental to the target property (the Acquisition ). ART is an Australian superannuation fund and has invested over $350 billion in retirement savings for more than 2.4 million members (as at 30 June 2025). ART has limited minority interests in a small number of shopping and retail centres in Queensland, including in the Brisbane area. QIC is an Australian institutional investment manager established in 1991 by the Queensland Government. QIC specialises in alternative asset classes including infrastructure, real estate, private equity, private debt, natural capital, and liquid markets, serving both government and non-government institutional clients. Scentre Group is an ASX-listed Australian stapled group established in 2014 following its demerger from Westfield Group. Scentre owns, develops and manages a portfolio of 42 Westfield shopping centres across Australia and New Zealand, including Westfield Mt Gravatt. Its business encompasses property investment, development, design, construction, leasing and asset management. Westfield Mt Gravatt is a large shopping centre in Mt Gravatt, Brisbane. Westfield Mt Gravatt contains over 380 premises, including the department store Myer, over 100 clothing and accessory stores, around 15 entertainment venues, around 115 food and drink premises, a dedicated auto shop, an approved early education centre, and seven bank branches.