Page 23 - Vicinity Centres News Today

Vection to Acquire Leading Australian archviz studio ASX:VR1) has announced the proposed acquisition of leading Australian archviz studio, Blank Canvas Studios. Vection Technologies plans to leverage Blank Canvas’ real estate visualisation expertise to attract more mid-market customers as part of its broader global growth strategy to leverage its 3D, Virtual Reality ( VR) and Augmented Reality ( AR) product offerings in industry-specific verticals. Founded in 2017, with studios in Perth and S...

-National house prices up 2.8% in March -Auction clearance rates hit record 83% -Melbourne CBD assets under greatest pressure -Woolworths sustains market share gains over Coles By Mark Story Housing recovery: A tailwind to economic growth Having delivered the strongest monthly price growth since 1988, national house prices were up 2.8% in March from February, which underscores broad-based strength across loan demand, construction and turnover; and all are expected to provide a tailwind to broad...

‘Golden days are over’: retailers win battle as rents reset Save Share Retailers are winning the battle for lower rents, securing 5 to 10 per cent reductions for short-term lease renewals and 15 to 20 per cent discounts for new leases as the pandemic forces landlords to the negotiating table. In the Sydney and Melbourne CBDs, where foot traffic and sales at specialty retailers have plummeted because of the absence of office workers and international travellers, some retailers are winn...

Mar 04 2021 During February the ASX200 recorded a fifth consecutive monthly rise with the materials and financial sectors leading the way. -The ASX200 rose 1% during February -Value and large caps outperformed -The Australian 10-year bond yield rose 79 basis points By Mark Woodruff In an eventful month for ASX investors, the focus was initially on the reporting season until rising bond yields also demanded attention. After rotations toward large caps, value stocks and prior covid losers, the A...

A security guard has threatened to bash a group of teenage bike riders at a Direct Factory Outlet in Victoria on Sunday afternoon. Police arrive at the scene and attempt to calm down the guard.

Australian shares rise as the Democrats' nominee for Treasury Secretary, Janet Yellen, calls for the US Government to "act big" and pump a lot more cash into the economy.

Victorias coronavirus workplace caps lift, mask rules relaxed as employees return to offices SunSunday 17 updated MonMonday 18 Jasmin Ashton will continue to work from home a few days a week. ( Share Print text only Cancel After eight months of working from home, today Jasmin Ashton is going to get a coffee from a cafe on the way in to the office. Key points: Up to 50 per cent of private sector employees and 25 per cent of public servants can return to offices today Temperature testing, stagger...

A-REITs primed for growth in 2021 Analysts are unanimous in tipping real estate investment trusts to perform strongly in 2021, but have differing opinions on which stocks to add to your portfolio. Share After a rollercoaster year, analysts are tipping Australian real estate investment trusts (A-REITS) to perform strongly in 2021 – especially those that are trading at attractive discounts but which own quality income-earning assets. The benchmark S&P/ASX 200 A-REIT Index ended 2020 down 8 per ...

Why the Vicinity Centres (ASX:VCX) share price is down 38% in 1 year Ken Hall | January 12, 2021 11:25am | More on: There’s no denying 2020 was a tough year for the Vicinity Centres (ASX: VCX) share price. Shares in the Aussie real estate investment trust (REIT) have slumped 38% in the last 12 months to $1.55 per stapled security. So, what’s driving the REIT’s shares lower? Why has the Vicinity Centres share price slumped lower? The coronavirus pandemic had a big impact on retail real...

Vicinity Centres(ASX: VCX) shares tumbled lower last week. The GUD share price was out of form last week and dropped 4.2% lower over the shortened week. On Friday the automotive and water products company completed the acquisition of the ACAD business from AMA Group Ltd(ASX: AMA) for $70 million. This excludes the ACM Auto Parts and Fluiddrive businesses. Given that its shares have underperformed since announcing the deal, investors may not be overly convinced with the purchase. The QBE share ...