Vicinity Centres, which runs Australia’s biggest shopping centre, says the quick return of shoppers with intent to spend is driving a bounce in retail sales.
The shopping mall landlord – whose biggest investor is Rich Lister John Gandel – has posted a turnaround profit of $650.2 million after recovering from hefty portfolio writedowns at the height of the pandemic.
Vicinity Centres, which runs Australia’s biggest shopping centre, says the quick return of shoppers with intent to spend is driving a bounce in retail sales.
Results briefing | News and analysis on today’s profit results from CSL, Fortescue, Santos, Treasury Wine Estates, Siteminder, Vicinity Centres, Corporate Travel and more. Find updated reports and analysis here.
Vicinity Centres, which runs Australia’s biggest shopping centre, says the quick return of shoppers with intent to spend is driving a bounce in retail sales.