PARTNERSHIPS AND VALUE CHAIN

At Vicinity, we understand that our success in creating market leading destinations, the experience we deliver for our communities and the long-term value we generate for our securityholders are deeply intertwined with our retailers’ success.

We want to be a valued partner for our retailers, understanding and delivering what’s most important to them and enabling them to be successful and sustainable at every touch point.

This year, our efforts focused on developing, testing and implementing innovative solutions that can support and deliver more value to our retailers, so that they can better connect with consumers and be more sustainable in their operations.

Vicinity's community investment program is focused on alleviating issues of youth unemployment and disengagement in our local communities. It forms a key part of our Sustainability strategy, and helps us shape stronger communities around our centres. 

Vicinity has established a three-year partnership with the Beacon Foundation to help us deliver this program at a corporate and centre level. 

We also have various local partnerships at the centre level that aim to address specific youth-related issues and their root causes within each catchment. 

Our Sustainability approach is an important lever in gaining access to capital through our wholesale funds platform, and delivering sustainable returns for our fund investors. Our goal is to become a partner of choice, especially with those who share similar sustainability ambitions and demonstrate the value we bring as a leading retail property manager.

Throughout the year, we engage with our joint venture partners and wholesale fund investors (known as our ‘strategic partners’) to ensure that key sustainability programs are implemented at our co-owned and/or managed centres.