Vicinity Centres Exceeds Asset Divestment Goals

Vicinity Centres (AU:VCX) has released an update.

Vicinity Centres has surpassed its asset divestment target for FY25 by securing $457 million from selling non-strategic assets, significantly exceeding the planned $250 million. The sale includes a 50% stake in Elizabeth City Centre to Nikos Property Group, alongside other properties in New South Wales. This strategic move aims to enhance Vicinity’s retail asset portfolio while maintaining a robust financial position.

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