Vicinity Centres

Company Profile

• Business description

  Vicinity Centres operates about 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne’s Chadstone, Vicinity’s crown jewel, is Australia’s largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 14% of the portfolio. The vast majority of Vicinity’s income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.

• Contact

  1341 Dandenong Road
  Level 4
  Chadstone Tower One
  Chadstone
  MelbourneVIC3148
  AUS

  T: +61 370014000

  E: [email protected]

  https://www.vicinity.com.au

• Sector

  Real Estate

  Stock type

  Cyclical

• Industry

  REIT - Retail

  Fiscal Year End

  Employees

  1,246