Property Development

Scentre and JCDecaux sign 10-year outdoor advertising deal at Westfield living centres in Australia and New Zealand

Written by The ReReport
As seen in the Source link, written by realestatesource.com.au on 2019-07-09 15:28:52

Shopping centre owner Scentre Group and Neuilly-sur Seine-headquartered JCDecaux will partner to develop and manage a portfolio of outdoor advertising touchpoints at Westfield living centres in Australia and New Zealand.

The 10-year agreement will provide marketers another opportunity to connect with audiences and communities, the parties said in this statement.

JCDecaux is the largest outdoor advertising corporation in the world.

Founded in 1964, in Lyon, the company, which employs more than 3500 people, is known for its billboards, particularly around bus stops, public bicycle rental systems and street furniture.

JCDecaux is renowned for its billboards, public bicycle rental systems and street furniture.

SCentre controls 41
Westfield living centres within growth corridors throughout Australia and New
Zealand.

The retail giant estimates
that about 65 per cent of residents in the two countries live within half an
hour drive of a Westfield living centre.

SCentre general manager, partner experience, Bill Burton, said more than 535 million customers visit the outlets every year.

“The unique location of
these roadside advertising assets will offer advertisers a new opportunity to
reach audiences at scale, via high-impact formats utilising world-leading
digital technology, such as high-resolution, transparent digital screens,” Mr
Burton said.

“JCDecaux is the right
partner to bring global expertise in outdoor media, community and stakeholder
engagement,” he added.

JCDecaux Australia and New
Zealand will obtain permits and manage the maintenance of the signage.

Chief executive officer, Steve
O’Connor, said the “relationship with SCentre GRoup is a very strong one,
founded on mutual respect”.

The new revenue stream set
to come from the partnership will in turn will boost the value of SCentre’s retail
portfolio.