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Vicinity Centres to sell assets

Elise ShawMarkets Online Editor
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Shopping mall owner Vicinity Centres will sell as much as $1 billion in retail property as it churns capital into redevelopment, debt reduction and potential acquisitions.

Macquarie Wealth Management expected Vicinity Centres VCX to be more aggressive on the asset sale front given it now has a larger earnings base and the initial earnings dilution is lower compared to the former NVN business.

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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
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    Original URL: https://www.afr.com/markets/equity-markets/vicinity-centres-to-sell-assets-20151215-glnrxp