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Shopping Centres Australasia Property Group (ASX:SCP) debuted on the Australian Securities Exchange (ASX) yesterday, lifting 2.9 per cent to close at $1.44.
Woolworths Limited (ASX:WOW) property spinoff is valued at $1.4 billion and will see Woolies shareholders receive one SCA Property stapled unit for every five shares held in Woolworths.
The new property fund comprises of 69 neighbourhood, sub-regional and freestanding shopping centres across Australia and New Zealand.
Woolworths CEO Grant O'Brien says the creation of SCA Property removes the properties from Woolworths' balance sheet and allows the company to reduce the capital invested in property as it focuses on its core retail businesses.
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Last
$2.43 |
Change
0.010(0.41%) |
Mkt cap ! $2.820B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.44 | $2.42 | $7.132M | 2.937M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 29274 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 40746 | 5 |
View Market Depth
| Last trade - 16.10pm 21/08/2025 (20 minute delay) ? |
| RGN (ASX) Chart |