Tag Archives: VCX

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.

Vicinity Centres delivered a 7.1% growth in earnings relative to FY21 despite continued disruption from COVID-related lockdowns in New South Wales (‘NSW’) and Victoria during 1H FY22 and the outbreak of Omicron from late December 2021.

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.

Vicinity is a step closer to realising its vision to revitalise Box Hill’s CBD, with Council’s approval of its plans to bring to life the first stage of its mixed-use precinct at Box Hill Central.  

The momentum of recovery and the continued resilience of the retail sector is helping to support Vicinity as they emerge from the pandemic challenges.

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 …

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.

Officeworks is the latest national business to take up residence in Chadstone’s 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 Chadstone’s long list of amenities, including convenient transport links, Hotel Chadstone …

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.

Perth’s Greenpool Capital in partnership with alternative real estate investment firm Qualitas has acquired the remaining 50% stake in the Gold Coast’s Runaway Bay Centre for $132 million.

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.

Vicinity Centres has today announced a strategic partnership with low-carbon energy company, ENGIE, to deliver electric vehicle fast-charging stations in car parks across its portfolio, setting the benchmark for customer convenience.

Global Marketplace (GMP) and Vicinity Centres (Vicinity), have today announced a strategic partnership combining the national physical footprint of Vicinity’s 61 retail destinations with leading e-commerce events, data and marketplace owner GMP.

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.

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.