Cost of living impact looms but Vicinity beats guidance
The shopping centre giant ended the year with its highest occupancy rate across 57 assets since the start of the Covid pandemic.
Vicinity Centres
Future Fund checks out of Perth mall as Vicinity makes big play
The deal shows the strength of demand for assets at the top end of the retail market but also locks in a big pricing reset.
Potential buyers of Lendlease retail fund hover
The focus is on Vicinity Centres when it comes to a potential play for the Lendlease funds management business.
$420m exit: Future Fund checks out of Perth shopping centre
The sovereign fund was once one of the nation’s top commercial property investors, but has been selling retail property as other big players return.
Centuria swoops on Halls Head for $70m
Real estate funds manager Centuria Capital is backing the recovery of the retail sector and has snapped up Halls Head Central in WA for about $70m.
Vicinity cashes in WA retail boom as syndicators swoop
The property heavyweight has been selling down its WA assets at a time when smaller players want an exposure to the resources-rich state.
Retail therapy: Tax and rate cuts to boost spending
Retail operator Vicinity Centres says consumers are more resilient than expected amid cost of living pressures, and looming tax and rate cuts will drive confidence higher.
Retailers pin hopes on the bright lights of Christmas
Visiting Melbourne’s Chadstone shopping centre decked out for the festive season, it’s easy to forget bills piling up at home – and retailers nationally hope that’s a broad trend.
Vicinity backs luxury retail wave in face of rate hikes
Vicinity Centres is backing the strength of the Australian consumer and believes that luxury spending will hold up even in the face of an economic slowdown.
ASX gains; BHP defends voice support
Speculation mining billionaire is buying Azure shares. IMF backs more RBA rate hikes. BHP bullish on potash. Cotton On profit sinks. Amcor affirms FY guidance. Vicinity Centres cautious on outlook.
Vicinity eyes lux makeover for top Sydney mall
The shopping centre owner is making one of its biggest moves in the wake of the pandemic, taking control of a major Sydney mall with grand plans for a makeover.
Post-Covid retail boost buoys Vicinity
Shopping centre giant Vicinity Centres has continued to ride the post-pandemic retail wave helping it absorb asset revaluations.
Myer Centre’s $500m upgrade into high-end precinct
Hundreds of millions of dollars are spent annually on new attractions to lure the punters into shopping centres and the owners of the former Myer Centre – now called Uptown – are going to splash $500m. But what will they be spending it on?
Vicinity rides retail sales boom with guidance hike
Landmark shopping centre Chadstone jumped in value to $3.25bn, helping lift the result as shoppers return.
Vicinity Centres installs Huddle as permanent chief
Veteran executive Peter Huddle has beaten out others for the top job after the listed Chadstone co-owner brought forward the exit of its former boss.
Vicinity chief’s exit fast-tracked amid misconduct claims
Shopping centre boss, and Adelaide 36ers owner, Grant Kelley has denied allegations of sexual harassment, which fast-tracked his departure from Vicinity.
Property companies prepared for an economic softening
Tougher times loom but shopping centre owner Vicinity Centres and funds manager Charter Hall expect their operations to fair well.
Huddle firms as favourite for Vicinity chief role
Vicinity needs to fill Grant Kelley’s position and the elevation of Peter Huddle as acting CEO could be an indication of the board’s thought process.
Vicinity chief departs amid property exodus
The executive reshuffle at property companies is rolling on as a slowdown looms following rising interest rates.
Day trippers supporting city comeback: Vicinity
Shopping centre giant Vicinity Centres gave an upbeat assessment of the future of cities saying that CBD day trippers were taking up the slack left by the slow return of office workers.
Original URL: https://www.theaustralian.com.au/topics/vicinity-centres