David Jones collapse poses redevelopment challenges for mall landlords, Resolution Capital says

• David Jones’ receivership exposes shopping-center landlords to rental income disruption, costly redevelopment and potential pressure on leasing power.
• Scentre, its largest landlord with 17 stores, derives 1.8% of rental income from David Jones, which occupies about 5% of retail space.
• Scentre holds approximately $45 million in bank guarantees against unpaid rent, equivalent to eight months of gross rent.
• David Jones accounts for 2.4% of Vicinity’s gross rental income, versus less than 1% for GPT.
• The investment portfolio has exited Scentre and Vicinity, retaining approximately 2% exposure to GPT amid department-store redevelopment risks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Resolution Capital Ltd. published the original content used to generate this news brief on November 10, 2026, and is solely responsible for the information contained therein.