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Retail property news

Vicinity to expand Victoria Gardens Vicinity Centres and Salta Properties, the joint owners of Victoria Gardens Shopping Centre, have confirmed the purchase of land adjoining the centre in Melbourne’s inner-city suburb of Richmond. With the recent purchase of two plots of land on Burnley Street and Doonside Street totalling 3400sqm, a 1.3-hectare development site has been created. Vicinity Centres chief development officer Carolyn Viney said, “With Richmond experiencing on-going densificatio