Vicinity Centres (ASX: VCX) - appoints new Chairman and director. Henry fung. Henry is a co-founder of MF & Co. Asset Management with over 20 years in financial services as a trader and investor, including the past 10 years advising clients and building quantitative trading systems. Henry also maintains a high conviction list of 5 stocks that you can get for free and has a free 5-day course on how professionals use quantitative strategies to find an edge. The concepts in the course are applied in the Quantitative Leveraged ETF L/S Strategy. June 15, 2026. Vicinity Centres (ASX: VCX) has announced a planned leadership transition, with independent non-executive Chairman Trevor Gerber retiring after eleven years of service at the 2026 Annual General Meeting on 28 October 2026. Patrick Allaway has been appointed as Non-executive Director and Chairman-elect effective 15 June 2026, ensuring continuity ahead of the formal handover at the AGM, subject to shareholder approval. Gerber's tenure spans a significant period in Vicinity's history. Appointed to the Board in June 2015 and elevated to the Chairman role in 2019, he has guided the REIT through the COVID-19 pandemic and overseen a disciplined, multi-year portfolio repositioning strategy. This strategy has focused on active reallocation toward premium, fortress-style retail assets designed to deliver superior and sustained income and value growth through market cycles. CEO Peter Huddle highlighted that Gerber leaves the business with a clear strategy, well-capitalised balance sheet, and strong operational positioning. Allaway brings substantial credentials to the role. He holds more than 30 years of experience across financial markets, capital markets, institutional banking and corporate advisory, alongside more than 15 years of non-executive director experience. His board experience includes chairmanship of Bank of Queensland and previous non-executive positions at major institutions including Allianz Australia, Dexus Funds Management, Macquarie Goodman Industrial Trust, Metcash, Fairfax Media, David Jones, Woolworths South Africa and Nine Entertainment. He holds degrees in Arts and Law from the University of Sydney and currently serves on Adobe's International Advisory Board. From an investor perspective, the transition appears orderly and well-managed. Allaway's extensive experience in capital markets and institutional finance aligns well with the capital-intensive nature of REIT management and the significant portfolio repositioning work underway at Vicinity. His background suggests familiarity with strategic property investing and the financial discipline required to navigate different market cycles. The nomination of Allaway as Chairman-elect before Gerber's retirement allows for a structured transition period and maintains governance continuity during the handover. Investors should watch for formal confirmation of Allaway's election at the AGM in October, where securityholders will vote on his appointment as director. The appointment represents a smooth generational transition at Board level and reflects confidence in the current strategic direction. This announcement is price sensitive and has been flagged as material by the ASX. Its Exclusive Top 5 Stock Picks Five high conviction stocks that didn't make the public list. Backed by institutional research with significant upside potential. Subscribe for free access. By subscribing, you consent to receive communications from Mfam. You can unsubscribe at any time. Vicinity Centres (VCX.AX) $2.59 0.01 (0.19%) About Vicinity Centres (ASX: VCX). Vicinity Centres is an Australian real estate investment trust that owns and manages a portfolio of over 50 shopping centres across Australia, including iconic properties such as Chadstone in Melbourne and the Queen Victoria Building in Sydney. The company generates revenue primarily through retail property rental operations and management fees for assets managed on behalf of strategic partners. It operates as a major consolidated REIT with exposure to both major metropolitan shopping destinations and regional centres. If you would like to discuss this announcement or how it might affect your portfolio, request a callback or call Mfam on 1300 889 603. This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision. You may also like... Jun 10, 2026 Collins Foods (ASX: CKF) at A$8.27 trades ~20% below its historical PE. Qld/WA exposure plus a kiosk rollout offset wage pressure. 29% upside, Buy. Jun 1, 2026 Worley (ASX: WOR) at A$12.19 trades at a 21% discount to its 5yr average and 14% below global peers. New power and data centre markets expand the TAM. Buy. May 25, 2026 Institutional sell-side rates WEB Travel Group a Buy with a 12-month price target of A$4.70. The stock closed at... Subscribe. Want more free research? Subscribe today for free and get an alert when Mfam has new research and webinars. Mfam promise not to spam you. You can unsubscribe at any time. MF & Co. Asset Management. MF & Co. Asset Management is a boutique investment firm offering Equity Capital Markets and derivative general advice & trade execution services. 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Frasers sells retail complex in West Sydney to Vicinity Centres for A$400 million. The sale is consistent with its capital recycling strategy, says Australian unit's CEO Published Wed, May 20, 2026 · 12:15 PM * ECQ's outlet concept spans about 20,000 sq m of GLA and houses around 100 brands. PHOTO: FRASERS PROPERTY [SINGAPORE] Frasers Property Australia is selling retail complex Eastern Creek Quarter (ECQ) in West Sydney, to Australian shopping centre operator Vicinity Centres for A$400 million (S$364 million). The sale is expected to complete on Jun 30. Cameron Leggatt, CEO of Frasers Property Australia, said: "Consistent with our capital recycling strategy, the successful sale of ECQ, positions us to pursue new opportunities in large-scale, mixed-use developments across our core eastern seaboard markets." ECQ comprises three retail components: Stage 1 ECQ Shopping Centre with around 10,000 square metres (sq m) of gross lettable area (GLA); Stage 2 ECQ XL, a large-format retail and showroom precinct spanning about 11,000 sq m GLA; and the recently opened outlet concept, which spans about 20,000 sq m GLA and houses around 100 brands. Stage 1 opened in 2020, followed by Stage 2 in 2022, while the outlet retail concept - the first of its kind in Western Sydney - opened in March this year. ECQ serves a catchment of around 1.2 million residents, offering outlet shopping alongside groceries, convenience retail, health and beauty services, dining and entertainment, said the company in a press statement on May 15. DECODING ASIA Navigate Asia in a new global order. According to Mingtiandi, the ECQ sales campaign concluded ahead of its Jun 5 deadline after attracting strong interest from a broad mix of domestic and international investors, including private and institutional groups. Simon Rooney, CBRE's head of retail capital markets, who brokered the deal for Frasers, told Mingtiandi that outlet malls are tightly held assets that rarely come to market. The sale of ECQ comes after it divested its built-to-rent development, Brunswick & Co, in Queensland, for a reported A$285 million, as well as Burwood Brickworks Shopping Centre in Victoria in April this year. Last October, Frasers sold its Australian energy retailing business, Real Utilities, to Active Utilities for A$30 million. Most recently, the group launched the sale of shopping mall Ed Square Town Centre for A$250 million, alongside a portfolio of five Melbourne industrial assets last valued at a combined S$218.9 million. Frasers Property's Australia arm posted S$34.6 million in profit before interest, fair-value changes, tax and exceptional items for H1 FY2026, compared with S$7.5 million a year earlier, driven by stronger residential settlements and land sales. Investment earnings for the segment rose 13.5 per cent on the year to S$14.3 million, following the completion of Mambourin Retail in September 2025, while Rhodes Quarter delivered steady performance through leasing and asset management initiatives. Looking ahead, Frasers Property had said it will continue to unlock value with its capital recycling and capital partnership activities.

Vicinity Centres acquires Eastern Creek Quarter for $400 million. Vicinity Centres has exchanged contracts to acquire Western Sydney retail precinct Eastern Creek Quarter for $400 million, with the deal expected to settle on June 30, 2026. The acquisition of the newly completed precinct reflects continued investor demand for large-scale retail assets, according to the transaction advisers. Eastern Creek Quarter was developed by Frasers Property Australia across three stages from 2020 and includes a Woolworths-anchored shopping centre, a large-format retail complex and a recently opened outlet centre. The transaction was negotiated by CBRE on behalf of Frasers Property Australia, with the property jointly marketed by CBRE and JLL. "ECQ is an outstanding development by Frasers and a highly strategic move by VCX to acquire a modern hybrid outlet retail precinct," said Simon Rooney, CBRE Pacific Head of Retail Capital Markets. "The acquisition by VCX was an astute market foray, in the face of significant market interest, presenting the rare opportunity to expand its highly successful DFO footprint and buoyed by the exceptional initial trading performance of ECQ's brand-new outlet centre." Rooney added that outlet centres were tightly held assets that rarely traded, noting Vicinity Centres' acquisition of a 50 per cent stake in Harbour Town Premium Outlets in late 2021 for $358 million. Located 41 kilometres west of the Sydney CBD, Eastern Creek Quarter occupies a 15.4-hectare site at the intersection of the Great Western Highway and the M7 Motorway, near the M4 Motorway. The precinct includes the 10,000sqm ECQ Shopping Centre, anchored by Woolworths, the 11,000sqm ECQ XL large-format retail centre, and the 20,000sqm ECQ Outlet centre, which opened in March 2026. The outlet centre includes more than 100 brands and 18 dining destinations, with retailers including Asics, Adidas, Puma, Calvin Klein, Tommy Hilfiger, Country Road, Levi's, New Balance, Oroton and 2XU. According to the vendors, the asset also includes a concept-approved outlet expansion opportunity for future growth.