Vicinity Centres finalises Australia’s largest retail transaction for 2024 with Lakeside Joondalup deal
Vicinity Centres has outlaid $420 million for a 50% stake in Western Australia’s coveted Lakeside Joondalup in Australia’s largest 2024 retail transaction. The exchange of contracts and settlement occurred on...
Emporium Melbourne announces expansion of retail offering
Emporium Melbourne continues to diversify its retail offering with a broad mix of local and international brands. In the past 12 months, Emporium has completed 58 deals; 32 new deals,...
CEO Outlook 2024: Peter Huddle, Vicinity Centres
This article by Peter Huddle, CEO – Vicinity Centres, forms part of SCN’s annual CEO Outlook feature published in Big Guns 2024. Premium members can view the full digital magazine...
Vicinity delivers resilient financial results and demonstrates execution of long-term growth strategy
Vicinity Centres has announced its results for the six months ended 31 December 2023 (‘1H FY24’), with statutory net profit after tax (‘NPAT’) of $223.5 million and Funds From Operations...
Vicinity commits to Chatswood Chase luxury redevelopment with $307m acquisition
Vicinity Centres has exchanged unconditional contracts to acquire GIC’s 49% interest of Chatswood Chase Sydney for $307 million, with the transaction expected to settle on 15 March 2024. Chatswood Chase...
Vicinity delivers strong FY23 result buoyed by positive operating metrics and income growth
Vicinity Centres today announced its results for the 12 months ended 30 June 2023, with Net Profit After Tax (NPAT) of $271.5 million. Funds From Operations (FFO) increased by 14.5%,...
Vicinity Centres sells stake in Broadmeadows Central to Nikos Property Group
Melbourne-based Nikos Property Group has forged its second partnership with Vicinity Centres (VCX) after exchanging unconditional contracts to acquire a 50% interest in the Broadmeadows Central shopping centre in Victoria...
SCCA appoints Peter Huddle as new Co-Deputy Chair
Peter Huddle, Chief Executive Officer and Managing Director, Vicinity Centres, has been elected as the new Co-Deputy Chair of the Shopping Centre Council of Australia (SCCA). This follows the resignation...
CEO OUTLOOK 2023: Vicinity Centres
This article by Peter Huddle, Chief Executive Officer, Vicinity Centres, forms part of an annual CEO Outlook feature, published in SCN’s 2023 Big Guns edition. The retail landscape continues to...
Victoria Gardens $900m redevelopment plans revealed
Vicinity Centres and Salta Properties, the co-owners of Victoria Gardens Shopping Centre, have unveiled plans for a sustainable urban village in the heart of Melbourne’s inner-city Richmond. Victoria Gardens has...
Vicinity Centres’ Peter Huddle appointed as CEO and Managing Director
Vicinity Centres today announced the appointment of Peter Huddle as Chief Executive Officer and Managing Director following the completion of a global search. Huddle’s appointment is effective on 1 February...
Vicinity’s Peter Huddle appointed as Acting Chief Executive Officer
Vicinity Centres today announced that its Chief Operating Officer, Peter Huddle has been appointed Acting Chief Executive Officer. Huddle’s appointment is effective from 16 November. Vicinity is in the process...
Shopping Centres ‘post pandemic’. How will they change and what will be different?
As SCN’s Premium Members tuned in to the live stream Panel Discussion on the future of shopping centres, a limited number of guests attended the luncheon at Sydney’s Establishment Ballroom...
Melbourne: extended hours and latest tech help customers beat the queues this long weekend
Last week, Vicinity announced a wide-range of COVID safety measures in place at each of its centres across Melbourne. This Melbourne Cup weekend all of Vicinity’s shopping centres across Melbourne...
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