Westfield mall owner Scentre in $3.6b loss as rent dispute with tenant intensifies

Westfield shopping mall owner Scentre Group has posted a $3.6 billio first half loss as pandemic carves $4.1b off asset valuations. 

Mosaic Brands, locked in rent dispute with Scentre, says it might close between 300 & 500 stores, as it reels from $170m full year loss. 

ABC's Peter Ryan says the dispute between Scentre and Mosaic highlight the emerging "cliff" when measures to ensure rent relief for struggling tenants is ultimately wound back.