Vicinity Centres Re Ltd - Company Profile
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Vicinity Centres Re Ltd (Vicinity) is a retail real estate investment trust (REIT). It owns and manages shopping centers. The company also carries out the development and investment of retail properties. At the end of June 2022, Vicinity owned, co-owned and managed a portfolio of 61 retail assets with a gross lettable area (GLA) of 2.4 million sq. mt. and occupancy rate of 98.8%. The company’s properties are occupied by local, national and international retailers. It offers services such as property management, leasing, development, and funds management. The company’s key properties include Chadstone, QueensPlaza, DFO Perth, Bankstown Central, Buranda Village, Chatswood Chase Sydney, The Glen, and Emporium Melbourne. Vicinity is headquartered in Chewton, Victoria, Australia.
Headquarters
Australia
Address
Chadstone Shopping Ctr, 1341 Dandenong Road, Po Box 104, Melbourne, Victoria, 3148
Website
www.vicinity.com.au
Telephone
61 3 70014000
No of Employees
1,266
Industry
Construction
Ticker Symbol & Exchange
VCX (ASX)
Revenue (2023)
$888.8M
8.4%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-77.7%
(2023 vs 2022)
Market Cap*
$5.7B
Net Profit Margin (2023)
XYZ
-79.4%
(2023 vs 2022)
* As of and is in US$
Vicinity Centres Re Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Property Management and Development |
| Leasing |
| Development |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired a stake in Chatswood Chase in Sydney for US$307 million. |
| 2023 | Others | In February, the company received an approval from Brisbane City Council for the transformation of Buranda Village, Queensland shopping centre into a mixed-use precinct. |
| 2022 | Others | In December, the company announced its vision to transform Bayside, Victoria into the Mornington Peninsula’s lifestyle destination. |
Competitor Comparison
| Key Parameters | Vicinity Centres Re Ltd | Stockland Corp Ltd | Charter Hall Group | Dexus | The GPT Group |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Melbourne | Sydney | Sydney | Sydney | Sydney |
| State/Province | Victoria | New South Wales | New South Wales | New South Wales | New South Wales |
| No. of Employees | 1,266 | 1,600 | 264 | 1,079 | 500 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter Huddle | Chief Executive Officer; Managing Director | Senior Management | 2023 | - |
| Adrian Chye | Chief Financial Officer | Senior Management | 2021 | - |
| Jeheon Son | Director - Development and Government | Senior Management | 2023 | - |
| Kirrily Lord | Director - Customer and Asset Management | Senior Management | 2021 | - |
| Matt Parker | Director - Leasing | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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