Strong pricing for retail assets in the current market has meant that owners must be willing to part with high-performing assets.

In Vicinity Centres’ case, the divestment of Runaway Bay, at an 18 per cent premium to book value, enabled Vicinity to invest in Harbourtown—a natural complement to its existing outlet business.  

In this TUD Plus Briefing, taken from The Urban Developer’s Retail Property vSummit, Vicinity Centres chief development officer Carolyn Viney talks about her group’s ongoing work to balance the portfolio.