19 November 2020

ASX ANNOUNCEMENT

Acquisition of Auburn Central Shopping Centre

SCA Property Group (ASX: SCP) ("SCP") has agreed to acquire Auburn Central Shopping

Centre from Elanor Retail Property Fund (ASX: ERF) for $129.5 million, an implied fully let yield of 6.0%. Auburn Central is anchored by Woolworths, Aldi and Tong Li supermarkets, with 52 specialty tenants heavily weighted to non-discretionary categories.

This document has been authorised to be released to the ASX by the Board of SCP.

ENDS

Media, Institutional investor and analyst, contact:

Mark Fleming

CFO

SCA Property Group (02) 8243 4900

Unitholders should contact SCP Information Line on 1300 318 976 with any queries.

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SCA - Shopping Centres Australasia Property Group Re Ltd. published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 22:50:03 UTC