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Vicinity Centres (ASX:VCX) Other Assets for Insurance Companies


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What is Vicinity Centres Other Assets for Insurance Companies?

Other Assets for Insurance Companies only applies to insurance companies.


Vicinity Centres Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (ASX:VCX) » Definitions » Other Assets for Insurance Companies
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Address
1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148
Vicinity Centres was created after the merger of Federation Centres and Novion in 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 15 billion at the end of June 2024. The assets are skewed to large, high-end shopping centers, with about 40% in super and major regional malls, a fifth in subregional, 15% in central business district locations, and about 15% in outlet centers.