CNP meaning in Business ?

Answer: What is Centro Properties Group mean?

Vicinity Limited, trading as Vicinity Centres (ticker code VCX), and previously known as Federation Centres, and Centro Properties Group is an Australian Real Estate Investment Trust (REIT) company specialising in ownership and management of Australian shopping centres. With approximately $6.9 billion of shopping centres under management.

The company is headquartered in Melbourne with offices in Sydney, Brisbane, Adelaide and Perth, Vicinity Centres employs over 500 people in Australia.

Listed on the Australian Securities Exchange (ASX), Vicinity Centres consists of Vicinity Limited and its controlled entities, which includes Vicinity Centres Trust No. 1, Vicinity Centres Trust No. 2 and Vicinity Centres Trust No. 3. Although separate entities, the securities of each are stapled together as ‘Vicinity Centres’ to ensure that they are traded as a single interest.

In November 2015, Vicinity Centres moved its Head Office to Chadstone Shopping Centre (of which they own 50%), the largest shopping centre in the Southern Hemisphere. Its previous Head Office building on Collins St in the CBD, remains in use by some of their executives and staff. The Sydney office also became a corporate office, with the new CEO Grant Kelley being based in Sydney, as well as a few other executives from the merged Novion.

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