Divestment of Tuggeranong Hyperdome interest

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Vicinity Centres (ASX:VCX) announced it has entered into a contract for the sale of its 50% interest in Tuggeranong Hyperdome (Tuggeranong) in the Australian Capital Territory for $120 million1 to TTCT Investments Pty Ltd2 . The sale price reflects the current book value of Vicinity’s interest in the trust which owns the asset and follows an extensive marketing campaign.

Mr Michael O’Brien, Chief Investment Officer, said: “The ongoing delivery of our asset divestment program, together with strong progress on our development pipeline and recent acquisitions, continues to reshape and enhance the quality of our portfolio.

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