Report
Tony Sherlock
EUR 101.80 For Business Accounts Only

Maybe Not in the Vicinity; AUD 2.90 FVE Unchanged

Vicinity Centres' most recent market update focused on its activities in the Perth market and surrounding areas, where the majority of the firm’s current and medium-term developments will occur. While we think the Perth retail market is slightly underserved by shopping malls, the volume of Vicinity’s expansionary development projects and other competitors could push the market to an oversupplied status. We have reservations around the level of investment that Vicinity is making into this market,...
Underlying
Vicinity Centres

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tony Sherlock

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