Retail Sales Up 13% For Vicinity Shopping Malls
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May 4, 2023
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Australia’s second-largest retail landlord has reported that sales in its shopping malls across the country have risen by 13 per cent in... Read More
Vicinity Lifts Full-Year Guidance Despite 474% Profit Dive
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February 15, 2023
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Shopping centres owner Vicinity has lifted its full year guidance despite half-year profits falling from $650.2 million to just $176.3 million. These... Read More
Vicinity Centres Appoints New CEO
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January 31, 2023
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Shopping mall landlord has named a new chief executive officer and managing director, following the departure of former boss Grant Kelley. Westfield... Read More
New Vicinity Malls Powered By Onsite Batteries
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January 10, 2023
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Vicinity Centres has entered into an agreement to power its shopping malls with onsite batteries, furthering its net zero goals. Vicinity has... Read More
Retail Spending Strong For Start Of FY23
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August 18, 2022
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Australians are still spending big at retail despite inflationary pressures and rising interest rates. According to a number of retailers, consumers have... Read More
Vicinity Makes Billion-Dollar Turnaround As Shoppers Return
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February 16, 2022
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Shopping giant Vicinity Centres has posted a first-half FY22 profit of $650.2 million, marking a $1.04 billion turnaround after a $394.1 million... Read More
Myer Hit With Lawsuit Over Unpaid Rent On Bourke St Flagship
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November 10, 2021
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Vicinity Centres has started legal action against Myer, over $4.2m in unpaid rent at its Melbourne flagship store on Bourke Street. According... Read More
Westfield Owner Slumps to $3.6 Billion Loss
The owner of Westfield malls – home to retailers such as JB Hi-Fi, Myer and David Jones – has booked a $3.61... Read More
Vicinity Shopping Malls Worth $1.8B Less Because Of COVID
Vicinity Centres has announced that independent valuations of its 60 directly owned retail properties have resulted in a net valuation decline of... Read More
Vicinity Centres $1.4B Raising Reveals Landlord Pain
ASX-listed shopping mall owner, Vicinity Centres, has provided a snippet of landlord pain amid the coronavirus pandemic, after suspending half-year dividend payments... Read More