Vicinity Centres
Australia’s cities no longer ghost towns as workers, travellers and students return
City retailers are popping the champagne corks as workers return to the office, international tourists and students fly in and shoppers come back for weekend visits.
- by Carolyn Cummins
Latest
Shopping centre owner counts cost-of-living crunch
The country’s second-largest retail landlord, Vicinity Centres, has had a decline in sales across its shopping malls as Australians cut back on discretionary spending.
- by Carolyn Cummins
‘No faith’: Mayor slams stalled $350m Morley Galleria redevelopment
Broken promises to revive the 36-year-old, “run-down, half-empty” Morley Galleria into the community hub it once was has angered locals, their mayor and their MP.
- by Claire Ottaviano
Exclusive
Retail property
Vicinity ‘left exposed’ to security threats after senior management shake-up
One of Australia’s largest mall owners significantly downgraded its security management at 57 major shopping centres around the country in the month before the deadly Westfield Bondi Junction attack.
- by Simon Johanson
Opinion
Commercial real estate
Will big commercial property players ‘confront their demons’?
Is this market slump just another part of the regular cycle of buying and selling real estate, or has COVID permanently changed the landscape forever?
- by Stephen Miles
Updated
World markets
Healthcare companies, wage data lift ASX after Wall Street gain
The Australian sharemarket climbed on the back of healthcare companies after a set of strong results from some of its biggest players and softer wage data.
- by Millie Muroi
Vicinity steps up asset sales to fund new developments
Retail landlord Vicinity Centres has stepped up its asset sale program with the divestment of a half share of the just-opened Broadmeadows Central mall in Melbourne to Nikos Property Group for $134.5 million, with the proceeds going to repay debt.
- by Carolyn Cummins
Vicinity sales rise as visitors return to the city
Retail landlord Vicinity Centres has reported a rise in sales and visitors across its malls, particularly in its hard-hit city portfolio, in defiance of the challenging economy.
- by Carolyn Cummins
How much we’re spending in huge shopping centres revealed
New sales figures show the 10 biggest malls across the country are pulling in huge amounts of money.
- by Carolyn Cummins
‘Extraordinary’ spending from luxury shoppers boosts Vicinity Centres outlook
Luxury-brand bags, shoes, clothing and jewellery are flying off the shelves across the country even as rising interest rates hit demand for more mundane items.
- by Carolyn Cummins
Former Vicinity boss Grant Kelley considers legal action
The former boss of shopping centre giant Vicinity Centres who abruptly left the company following sexual harassment allegations has met lawyers to consider legal action against the company.
- by Carolyn Cummins
Original URL: https://www.watoday.com.au/topic/vcx-1ma