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As we entered the financial year, non-essential retail across our Victorian centres remained closed for almost 3 months as a result of the ongoing lockdown. Our highest priority during these challenging times with the evolving COVID-19 situation, is a heightened focus on the health, safety and wellbeing of everyone who works in or visits our centres, our broader team and our communities. We now have 19 assets with solar installed.Īs the CEO and Managing Director, and Chair of Vicinity’s Sustainability Committee, I am delighted to report to you Vicinity’s Sustainability approach and performance to the end of FY21. Our industry-leading solar program now includes 30.6 MW of solar installed across our managed portfolio, with seven centres added during the year. We are tracking well towards our Net Zero by 2030 carbon target*, having reduced our carbon intensity by 5% from FY20 and by continuing to progress our on-site solar program across our wholly-owned retail assets. The broad presence and outstanding reputation the Red Cross have across Australia which will allow us to make a positive difference across our portfolio and continue to build stronger, more resilient communities. We have also recently entered a three-year partnership with the Australian Red Cross, through which we will deliver our community investment program to alleviate youth unemployment and disengagement within our centres. We have remained open for our communities to access the essential goods and services they need, as well as providing testing clinics and vaccination hubs. Throughout the year, we have continued to bring our purpose of Enriching Community Experiences to life, and through our sustainability strategy, progress our work to create sustainable and resilient destinations and shape better communities. While we expect this volatility to continue in the short term, we are optimistic about the future and the countless opportunities we have across our portfolio. Through doing this, the health, safety and wellbeing of our employees, customers, tenants, contractors, and the broader community has remained our priority. The unpredictable nature of our current environment has become a harsh reality to accept however, Vicinity continues to adapt well to these ongoing uncertainties and navigate towards a COVID safe future.
#Vicinity centres update#
Harbour Town is located in an attractive trade area and the centre’s annual MAT is more than double the average MAT for Vicinity’s current outlet portfolio and is expected to grow at more than 3% per annum to 2031.It is my pleasure to provide you with an update on Vicinity Centres’ (Vicinity) Sustainability journey through Vicinity Unwrapped – Our Sustainability Story.įY21 has been another remarkable year, both within Australia and globally, as the ongoing challenges of COVID-19 continue to test our resilience. Mr Grant Kelley, CEO and Managing Director, said: “Today’s announcement reflects our strategy to invest in premium retail assets where we can buy well and add value. The acquisition is conditional upon LLG waiving their pre-emptive right to purchase as co-owner of Harbour Town. Lewis Land Group (LLG) will retain its 50% interest in the asset and will continue to manage the property whilst Vicinity will undertake all leasing activity.
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Octo– Vicinity Centres announced that it has reached a conditional agreement to acquire a 50% interest in Harbour Town Premium Outlets Gold Coast in Queensland from Australian Prime Property Fund Retail for $358 million. Vicinity Centres Strengthens Its Outlet Portfolio With Acquisition Of 50% Interest In Harbour Town Premium Outlets Gold Coast