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Vicinity sells major assets

Simon Rooney, JLL’s head of retail investments,Australasia, has been appointed by Vicinity Centres and Challenger to sell a 100 per cent freehold interest in two dominant shopping centre assets – Corio Central in Geelong and Lennox Village in Sydney. Corio Central is a high-yielding sub-regional shopping centre anchored by a double supermarket offering of Woolworths and Coles plus a Kmart DDS all on long-term leases until at least 2025. The centre is eight kilometres north of the Geelong CBD