Vicinity Centres

The story of Vicinity Centres is a journey of strategic evolution, beginning long before its official inception. Its roots trace back to February 18, 1985, when Jennings Industries established a diversified property construction firm named Jennings Properties, which would later list on the Australian Securities Exchange. This foundational entity underwent its first major transformation in 1991, rebranding as Centro Properties, a name that would become synonymous with Australian retail for years. By 1997, it had adopted a stapled security structure, becoming Centro Properties Group, and embarked on a significant expansion, even venturing into the United States market in the early 2000s. A pivotal moment arrived in June 2015, when a merger between Federation Centres (the successor to Centro) and Novion Property Group gave birth to the company known today as Vicinity Centres. This union brought together some of Australia's most prominent and beloved retail assets under a single, forward-thinking banner.

Since its formation, Vicinity Centres has solidified its position as one of Australia's leading retail property groups, managing a multi-billion dollar portfolio that includes iconic destinations like the luxurious Chadstone in Melbourne and the historic Queen Victoria Building in Sydney. The company's vision extends beyond traditional retail, however. It is actively leading the evolution of its industry by pursuing a dynamic mixed-use development strategy. This involves transforming its centres into vibrant, integrated destinations that offer not just shopping, but also residential apartments, premium office spaces, hotels, and community hubs. This strategic pivot is underpinned by a deep commitment to data and innovation. By leveraging in-house data science teams and analysing customer behaviour, Vicinity provides invaluable insights to its retail partners, helping them connect with customers and thrive. With a focus on sustainability, community enrichment, and creating meaningful places, Vicinity Centres is not just managing shopping centres; it is shaping the future of Australian communities.