ASX:VCXRetail REITs
How Investors Are Reacting To Vicinity Centres (ASX:VCX) Divesting Smaller Malls To Fund Flagship Projects
Vicinity Centres has recently sold a portfolio of ten sub-regional and neighbourhood shopping centres to SCA Property Group and one centre to a private investor, progressing its program to recycle capital from non-core assets.
The disposals free up funds that Vicinity plans to reinvest into higher-value retail developments and potential securities buy-backs, sharpening its focus on market-leading destination properties and mixed-use opportunities.
We will now explore how this refocusing on...