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Vicinity Centres

Vicinity Centres Archives

Shopping centre owners scrap FY20 guidance

Major centre operators suspend outlook in light of the coronavirus outbreak.

Vicinity makes CDP’s A list

Retail landlord recognised for climate action and transparency.

Vicinity Centres unveils $685 million Chadstone expansion

Expanded shopping centre to house more than 4000 sqm extra retail space.

Vicinity divests $195m of retail property

Retail property investors are starting to show up, says CBRE.
Openings & closings

Retail property news

Vicinity Centres to expand Vic Gardens; Aust Post opens major new facility.

Vicinity Centres elects new chairman

Trevor Gerber will take the reins at the property group.

Losses mount across property sector

Three of Australia's largest property groups have reported falling profits.

‘Challenging’ retail slump hits Vicinity

Retail landlord posts slump in full-year profit.

Vicinity Centres starts work on ambitious mixed-use project

Construction begins on residential tower above The Glen shopping centre.
Openings & closings

Vicinity values fall

Property owner expects value of its portfolio to decline by $202 million.
Openings & closings

Retail appointments: Vicinity names new CFO

Nike adds first global CDO and more.

Vicinity Centres names new chief financial officer

Retail landlord appoints new CFO.
Stores

Vicinity sells major assets

Sales demonstrate value of convenience-based shopping, firm says.

Vicinity Centres names new chair

Shopping centre operator chairman to retire in August.
Fashion & accessories

Emporium Melbourne hosts emerging designers

Aussie designers hold pop-ups during VAMFF.

Footfall drop forcing change in shopping centres

Mall operators seek to adapt to new reality.

Vicinity posts interim results, appoints Westfield exec as new COO

Peter Huddle has 18 years' experience with Westfield in the US.
Omnichannel

Why online sales growth isn’t really growth

Online sales are for the most part cannibalising traditional retail, not providing new sales.

Vicinity CFO steps down

Michael O'Brien steps down to take managing director role at QIC.

Vicinity portfolio lost $37m in value in six months

Flagship centres like Chadstone were the only properties to increase in value.