Vicinity Centres: Update to credit analysis following rating action
Our assessment considers the REIT's scale, superior asset quality, and proven history of strong operational results, balanced with our expectation of headwinds facing the retail sector.Vicinity Centres is engaged in property investment, property management, property development, leasing and funds management.Co.'s operating segments include: Property Investment, which is involved in investment in retail property; and Strategic Partnerships, which is involved in property management, development, leasing and management of wholesale property funds. Co.'s portfolio is comprised of Australian retail assets. As of June 30 2016, Co. had 91 retail assets under management. Co. had an ownership interest in 81 of these assets.
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