About Vicinity Centres

Vicinity Centres is one of Australia’s largest retail property groups, and a top-100 entity listed on the Australian Securities Exchange, trading as Vicinity Centres (ASX:VCX).

Vicinity’s real estate portfolio spans Australia, being primarily concentrated in the metropolitan areas of the major state capital cities of Sydney, Melbourne, Brisbane, Perth and Adelaide. At 30 June 2020, we had 64 retail assets under management, with a combined value of $23.6 billion, which generated $15.9 billion in annual sales from 7,300 tenants across 2.6 million sqm of gross lettable area (GLA). Vicinity has an ownership interest in 60 of these assets, taking the value of its Direct Portfolio to $14.1 billion. The operating and financial review principally focuses on the performance of the Direct Portfolio, which generates the majority of Vicinity’s total income.

For details on our financial performance, see our 2020 Annual Report.

Our national office is located in Melbourne, Australia, with regional offices in Sydney, Brisbane, Adelaide and Perth. We employ approximately 1,200 people across centres and corporate offices nationwide.

 Our operations

As at 30 June 2020

 

 

64

Retail

assets

 

$23.6b

Assets under

management

 

18.9%

Total

return

 

2.5m

Sqm of gross

lettable area

 

$1.8b

Net loss

after tax*

$15.9b

Annual retail

sales

7,300 

Tenants

Over 1,200

Employees

 

 

* 30 June 2020 valuations and valuation movements reflect independent valuations as announced to ASX on 24 July 2020, less $24.5 million of additional allowances made for Victorian assets as a result of the increase in COVID-19 cases observed in Victoria in late June 2020

 

 Our direct portfolio as at 30 June 2020