Vicinity Centres (ASX:VCX) fetched AU$457 million after selling several assets, topping its targeted asset divestments of AU$250 million for fiscal 2025, according to a Friday filing with the Australian bourse.
The company sold a 50% interest in Elizabeth City Centre in South Australia to Nikos Property Group, the filing said. It also divested its 50% interest in Roselands and another 50% interest in Carlingford Court, both in New South Wales. Settlements are expected throughout 2025.
Despite the higher-than-expected proceeds, Vicinity maintained its fiscal 2025 earnings guidance due to the timing of transaction settlements.
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