May 20 (Reuters) - Australian shopping mall owner Scentre Group SCG.AX on Monday said privately held property investor Perron Group will buy a 50% stake in a Sydney shopping center for A$575 million ($396 million).
The consideration paid by Perron Group for its stake in Westfield Burwood, represents a 4.1% premium to book value at 31 December 2018, Scentre said in a statement to the Australian stock exchange.
($1 = 1.4512 Australian dollars)