Report
Tony Sherlock
EUR 100.00 For Business Accounts Only

Vicinity Front and Centre in Retail Malaise. AUD 2.70 FVE Unchanged

There are still no specifics from new CEO, Grant Kelley on the assets across the portfolio that will be earmarked to undergo development to incorporate offices, hotels or apartments. That said, we think the February announcement to convert some of the pure retail malls to mixed use assets will be a value-accretive strategy. Our reasoning is many of the assets in the portfolio do not have population or income growth outlook to support a significant expansion to the retail trade area. We expect gr...
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Morningstar
Morningstar

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Tony Sherlock

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