EG Funds acquires stake in Brisbane’s Grand Plaza Shopping Centre
EG’s Australian Core Enhanced Fund has acquired a half stake in Brisbane’s Grand Plaza Shopping Centre in a deal worth about $220 million as interest in sub-regional investment opportunities resurge....
Perth’s Midland Gate shopping centre listed for sale
Midland Gate, the dominant regional shopping centre in Perth’s fast-growing north-eastern metropolitan corridor, has been listed for sale as major investors increasingly expand their focus to top-end retail investment opportunities....
Vicinity brings Monopoly to shopping centres across Australia
Vicinity has announced an exciting new partnership with Monopoly to bring its biggest campaign to 50 centres in an effort to engage with its retailers and customers across Australia. Beginning...
Strong operational and financial execution positions Vicinity for growth
Vicinity Centres have announced its results for the six months ended 31 December 2021 (1H FY22), with a statutory net profit after tax of $650.2 million, representing a $1.04 billion...
Roll’d and KFC take to the skies with drone delivery
In partnership with Wing Australia, healthy QSR brand Roll’d Vietnamese and global restaurant chain KFC, have taken to the skies in a bid to bring their range of freshly prepared...
Distribution and fulfilment strategy – using tech to lead the way
In this article published in SCN’s November issue, Chief Innovation and Information Officer, Justin Mills discusses Vicinity’s partnership with drone delivery company Wing, how their ‘in-house’ Data Science and Insights Team...
Chadstone Airways is now boarding
Children of all ages are invited to board Chadstone Airways for a fun, interactive, and educational journey through Chadstone – The Fashion Capital, where they can enjoy photo moments and...
Vicinity reveals plans to transform Buranda Village into mixed-use precinct
Vicinity Centres has revealed plans to transform Buranda Village into a bustling new mixed-use precinct of the future, delivering lifestyle retail, more than 600 residential dwellings and 50,000m2 of commercial...
Bayside’s new office precinct to supercharge Frankston’s CBD
Vicinity Centres has taken a significant first step to transform Bayside into a diverse mixed-use precinct, revealing approved plans for a new state-of-the-art, 8-storey A-Grade commercial office building, 12 Balmoral...
Officeworks announces move to new clean, green, zero-carbon office in Chadstone
Officeworks is the latest national business to take up residence in Chadstone’s growing mixed-use precinct, entering into a long-term lease with Vicinity to move its national corporate headquarters into the...
Vicinity and Hub to deliver state-of-the-art coworking spaces to Box Hill Central
Vicinity Centres is partnering with Hub Australia to introduce a premium 4,100m2 four-storey coworking space as part of its broader redevelopment plans at Box Hill Central. Hub brings a unique...
Christmas arrives at Chadstone – The Fashion Capital
The bells are ringing at Chadstone as The Fashion Capital welcomes visitors to come together this Christmas. With more celebrations than ever before, the festive spirit has come alive as...
Bankstown Central redevelopment set to begin with The Grand Market
Vicinity Centres is set to commence the first stage of redevelopment works at Bankstown Central to deliver a new vibrant and modern fresh food precinct, and an additional 190 car parking...
Nepean Village set to unveil an all-new dining precinct
Vicinity’s Nepean Village is set to unveil its new dynamic dining precinct, open to the community in time to enjoy summer dining, from lunch through to dinner. Works began on...
Vicinity optimises its portfolio with divestment of Runaway Bay, acquisition of Harbour Town now unconditional
Vicinity Centres has exchanged contracts to sell its 50% interest in Runaway Bay Centre in Queensland to Perth-based Greenpool Capital in partnership with Qualitas, for $132 million, while its acquisition...
Link acquires iconic Sydney CBD retail portfolio for $538.2 million
Hong Kong’s Link REIT has acquired a 50% interest in trophy Sydney retail assets the Queen Victoria Building (QVB), The Strand Arcade and The Galeries in a landmark transaction valued...
Runaway Bay’s new waterfront dining and fresh food market now open
Vicinity Centres (Vicinity) and Perron Group have officially opened a refreshed Runaway Bay Centre following the completion of its modern, coastal-inspired makeover. A food lovers delight, the renovations provide a...
Vicinity Centres and Global Marketplace announce new strategic partnership
Global Marketplace (GMP) and Vicinity Centres (VCX), have today announced a strategic partnership combining the national physical footprint of Vicinity’s 61 retail destinations with leading e-commerce events, data and marketplace...
Vicinity acquires 50% stake in Harbour Town Gold Coast for $358 million
The Lendlease managed Australian Prime Property Fund Retail (APPF Retail) has reached conditional agreement on the sale of its 50% interest in Harbour Town Gold Coast to Vicinity Centres for...
World-first drone delivery takes off from shopping centre in QLD
In a world-first, Vicinity Centres has partnered with Wing – an Alphabet company – to pilot a new model of delivery, flying goods from shopping centre rooftops directly to Australian...
Mount Pleasant Centre sells for $162.5 million
Melbourne based fund manager Fawkner Property has acquired the Mount Pleasant Centre in north Queensland for $162.5 million amid strong investor demand for sub-regional shopping centres. The centre is recognised...
Vicinity to capture world’s best real estate innovation with RealTech fund investment
Vicinity Centres has announced a new relationship with Taronga Ventures, Asia’s leading technology and innovation investor, that will connect one of Australia’s largest retail property groups with technology that is...
Vicinity delivers on strategy with strong operational execution
Vicinity Centres (ASX:VCX) today announced its results for the 12 months ended 30 June 2021 (FY21), with a statutory net loss after tax of $258 million, however the group delivered...
Vicinity Centres and Australian Red Cross join forces to help build stronger communities
Vicinity Centres (Vicinity) has embarked on a three-year strategic partnership with the Australian Red Cross, leveraging its national centre network to deliver a range of community support programs and localised...
Vicinity’s first stage transformation of Bankstown Central gets green light
Vicinity Centres and CIP Asset Management’s vision to transform Bankstown into a vibrant mixed-use urban neighbourhood has taken a step forward, with a range of Development Applications approved by the...
QueensPlaza welcomes Balenciaga’s first Queensland flagship
Vicinity Centres (Vicinity) has continued to deliver on its market-leading destinations strategy, further expanding its unrivalled selection of luxury retailers, with Balenciaga opening the doors of its new Queensland flagship...
Bayside Welcomes Victoria’s First Shopping Centre Vaccinations Hub
Vicinity’s Bayside Shopping Centre in Melbourne’s south east has welcomed a new COVID-19 vaccination hub, the first of its kind in Victoria. Taking advantage of Bayside’s strategic location in the heart of...
New fresh food precinct opens at Runaway Bay
Runaway Bay Centre has cemented its place as the Gold Coast’s go-to destination for fresh produce and speciality ingredients with the opening of its new fresh food precinct. Situated on...
Automotive brand Genesis, Studio opens at Emporium Melbourne
Vicinity Centres continues to grow its diverse retail offering with the official opening of an Emporium Melbourne studio by design-focused premium automotive brand, Genesis. The innovative Genesis concept studio, opened...
Charter Hall and Abacus secure majority interest in Myer Melbourne
Charter Hall and Abacus have secured a majority interest in Myer Melbourne, an iconic property in one of the world’s most coveted and tightly held retail and commercial precincts for...
Vicinity reveals latest plans for Bankstown Central
Vicinity Centres (Vicinity) and CIP Asset Management have revealed the evolution of the first stage of their 2050 Masterplan to transform 11.4 hectares at Bankstown Central by redeveloping it into...
Karratha City hosts 2021 NAIDOC celebrations
Vicinity Centres’ Karratha City has continually demonstrated its commitment in celebrating its diverse community and its ongoing desire to create a hub and meeting place for customers, families and tourists...
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