Vicinity Centres provided its quarterly update for the three months ended 31 March 2023 revealing that solid sales growth has assisted the Group to maintain earnings, but caution remains as they enter FY24.
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Vicinity Gains 7% growth in FY22 Earnings but New Rents remain Lower
Vicinity Centres delivered a 7.1% growth in earnings relative to FY21 despite continued disruption from COVID-related lockdowns in New South Wales (βNSWβ) and Victoria during 1H FY22 and the outbreak of Omicron from late December 2021.
Read More »Vicinity updates FY22 earnings guidance and announces a $245m valuation gain
Vicinity Centre have updated its earnings guidance for the 12 months ending 30 June and reported a $245m valuation gain ahead of their June year end results.
Read More »Vicinity receives approval on plans for Box Hill Central redevelopment
Vicinity is a step closer to realising its vision to revitalise Box Hillβs CBD, with Councilβs approval of its plans to bring to life the first stage of its mixed-use precinct at Box Hill Central.Β Β
Read More »Vicinity Emerge from Lock downs but still facing Challenges
The momentum of recovery and the continued resilience of the retail sector is helping to support Vicinity as they emerge from the pandemic challenges.
Read More »Vicinity drops $300m in COVID Relief but maintains Growth
Vicinity Centres today announced its results for the six months ended 31 December 2021 (1H FY22), with a statutory net profit after tax of $650.2 million, representing a $1.04 billion increase on the prior corresponding period. Statutory net profit principally comprised FFO of $287.7 million and a non-cash net property …
Read More »Bayside’s new 12 Balmoral Walk office precinct to supercharge Frankston’s new look CBD
Vicinity Centres (Vicinity) has taken a significant first step to transform Bayside into a diverse mixed-use precinct, revealing approved plans for a new state-of-the-art, eight-storey A-Grade office building, 12 Balmoral Walk.
Read More »Officeworks moving to Chadstone; office occupancy hits 100%
Officeworks is the latest national business to take up residence in Chadstoneβs growing mixed-use precinct, entering into a long-term lease with Vicinity to move its 8,000 sqm national corporate headquarters into the Chadstone Place office building. Taking advantage of Chadstoneβs long list of amenities, including convenient transport links, Hotel Chadstone …
Read More »Vicinity and Hub Australia to deliver coworking spaces to Box Hill Central
Vicinity Centres is partnering with Hub Australia to introduce a premium 4,100 sqm four-storey coworking space as part of its broader redevelopment plans at Box Hill Central.
Read More »Greenpool Capital and Qualitas make $260m play for control of Runaway Bay Centre
Perthβs Greenpool Capital in partnership with alternative real estate investment firm Qualitas has acquired the remaining 50% stake in the Gold Coastβs Runaway Bay Centre for $132 million.
Read More »Vicinity Cautiously Optimistic About Future
Vicinity Centres provided its quarterly update for the three months ended 30 September 2021 and shared initial perspectives on the operating landscape since the reopening of retail in Victoria and New South Wales.
Read More »Vicinity and ENGIE to Roll Out EV Charging network
Vicinity Centres has today announced a strategic partnership with low-carbon energy company, ENGIE, to deliver electric vehicle fast-charging stations in carΒ parks across its portfolio, setting the benchmark for customer convenience.
Read More »Vicinity Centres Join Click Frenzy in new strategic partnership
Global Marketplace (GMP) and Vicinity Centres (Vicinity), have today announced a strategic partnership combining the national physical footprint of Vicinityβs 61 retail destinations with leading e-commerce events, data and marketplace owner GMP.
Read More »Sydney’s Roselands Shopping Centre sells for $167m
Hong Kong investment house JY Group has secured a 50% interest in Roselands Shopping Centre for $167m in the latest of a string of Regional Shopping Centre sales.
Read More »APPF Retail divests 50% stake in Harbour Town Gold Coast
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has reached conditional agreement on the sale of its 50% interest in Harbour Town Gold Coast to Vicinity Centres for circa $358.0 million.
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