Novion Property Group

Last updated

Novion Property Group
FormerlyCFS Retail Property Trust
Gandel Retail Trust
ASX:  NVN
Industry Property Management
FoundedOctober 1994
Founder John Gandel
DefunctJune 2015
Headquarters,
Australia
Number of locations
36 (2015)
$400 million (2014)
Website www.novion.com.au

Novion was an Australian Real Estate Investment Trust which invested in shopping centres across Australia.

Contents

It was listed on the Australian Securities Exchange in October 1994 by John Gandel under the name Gandel Retail Trust' with six retail assets. [1] It was managed by Colonial First State, based in Sydney, under the name CFS Retail Property Trust until 2013, when it separated. [2] It was renamed Novion in November 2014. [3] [4]

Novion merged with Federation Limited in June 2015, to become Vicinity Centres. [5] [6]

Properties

As at June 2015, Novion owned had shareholdings in 36 shopping centres. [7] [8]

Australian Capital Territory

  • 15 Bowes Street, Phillip

New South Wales

Victoria

Queensland

South Australia

Tasmania

Western Australia

Related Research Articles

<span class="mw-page-title-main">Northgate Shopping Centre</span> Shopping mall in Hobart, Tasmania, Australia

Northgate Shopping Centre is the third largest shopping centre in Tasmania. Located in Glenorchy approximately 10 kilometres northwest of Hobart. The shopping centre is located on the Main Road within the CBD of Glenorchy with all stores located on the one level and a large undercover carpark situated below the main building. It was constructed on the site that had been that of the Glenorchy Tannery also known as Cook's Tannery.

<span class="mw-page-title-main">Westfield Parramatta</span> Shopping mall in New South Wales, Australia

Westfield Parramatta is a shopping centre in Parramatta, Sydney, Australia.

<span class="mw-page-title-main">Chadstone Shopping Centre</span> Shopping mall in Victoria, Australia

Chadstone Shopping Centre is a shopping centre located in the south-eastern Melbourne suburb of Malvern East. Chadstone Shopping Centre is the biggest shopping centre in Australia by both area and number of stores and one of the biggest in the Southern Hemisphere. The centre opened on 3 October 1960 and was the first self-contained regional shopping centre in Melbourne.

<span class="mw-page-title-main">Box Hill Central</span> Shopping mall in Victoria, Australia

Box Hill Central is a regional shopping centre complex and public transport hub located in the eastern Melbourne suburb of Box Hill, Australia. It is made up of two separate centres, Box Hill Central South and Box Hill Central North. The centre is approximately 16 kilometres (10 mi) east of the Melbourne central business district.

<span class="mw-page-title-main">Uptown, Brisbane</span> Shopping mall in Queensland, Australia

Uptown is a six-floor shopping complex located on the Queen Street Mall in the central business district of Brisbane, Queensland, Australia. The centre was named The Myer Centre from its opening in 1988 to 2023 as it used to house Queensland's largest Myer department store.

<span class="mw-page-title-main">Vicinity Centres</span> REIT company

Vicinity Centres ASX: VCX, previously known as Federation Centres and Centro Properties Group, is an Australian Real Estate Investment Trust specialising in the ownership and management of Australian shopping centres. As at December 2021, it had stakes in 60 shopping centres. It is headquartered at Chadstone Shopping Centre in Melbourne.

<span class="mw-page-title-main">Bankstown Central</span> Shopping mall in New South Wales, Australia

Bankstown Central is a shopping centre in the suburb of Bankstown in South Western Sydney.

<span class="mw-page-title-main">Chatswood Chase Sydney</span> Shopping mall in New South Wales, Australia

Chatswood Chase is a shopping centre in the suburb of Chatswood on the Lower North Shore of Sydney, Australia.

<span class="mw-page-title-main">Northland Shopping Centre</span> Shopping mall in Victoria, Australia

Northland Shopping Centre is a major shopping centre in Preston, approximately 11 km north of the Melbourne central business district in Victoria, Australia. It is the largest predominantly single-level shopping centre in Melbourne. It has more than 330 stores on one floor, with the top floor containing just the Hoyts cinemas, Pancake Parlour and indoor golf venue X-Golf.

<span class="mw-page-title-main">Direct Factory Outlet</span> Operator of outlet malls in Australia

Direct Factory Outlet (DFO) is a brand of factory outlet shopping centres in Australia. They are large-floor warehouse buildings containing partitioned stores where retail outlets sell excess or previous seasons' stocks at reduced prices. Vicinity Centres have full or partial ownership of seven of the eight stores.

<span class="mw-page-title-main">Galleria Shopping Centre (Perth)</span> Shopping mall in Morley, Western Australia

Galleria Shopping Centre is a shopping centre located in Morley, about 8 kilometres (5 mi) northeast of the Perth central business district. It is the 5th largest shopping centre in Western Australia, with several major retailers and approximately 300 specialty retailers.

<span class="mw-page-title-main">Bayside Shopping Centre</span> Shopping mall in Victoria, Australia

Bayside Shopping Centre is a super regional shopping centre in the suburb of Frankston on the Mornington Peninsula of Melbourne.

John Gandel is an Australian businessman, property developer and philanthropist. He made his fortune in the development of commercial real estate as well as shopping centres located in Melbourne, Victoria.

<span class="mw-page-title-main">Greensborough Plaza</span> Shopping mall in Victoria, Australia

Greensborough Plaza is a major regional shopping centre located in the north-eastern suburb of Greensborough in Melbourne, Victoria, Australia, approximately 20 kms from the CBD.

<span class="mw-page-title-main">Karingal Hub Shopping Centre</span> Shopping mall in Victoria, Australia

Karingal Hub Shopping Centre as well as its "Town Square" is the second largest shopping complex located at 330 Cranbourne Rd, Frankston, Victoria, Australia, approximately 40 kilometres (25 mi) south of Melbourne CBD. The complex has a combined gross leasable area of 53,000 m2 (570,000 sq ft), 2,750 parking spaces and 200+ stores. It was acquired by ISPT, or the Industry Superannuation Property Trust in July, 2013 and has been owned by other large corporations in the past such as Vicinity Centres, which owns its major competitor Bayside. It has the only Big W in and around the peninsula and has a multitude of popular shops, and includes a renovated and tall playground within its Town Square as well as an additional smaller playground in the south of the building, close to the retailer aforementioned.

<span class="mw-page-title-main">AMP Capital</span> Large global investment manager headquartered in Sydney, Australia

AMP Capital was a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group, was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance with Mitsubishi UFJ Trust and Banking Corporation.

Dexus is an Australian real estate investment trust. Founded in 1984, it is listed on the Australian Securities Exchange.

<span class="mw-page-title-main">Precision Group</span>

Precision Group is an Australian private property investment and management company based in Sydney. Founded in the 1990s by Shaun Bonétt, it owns property in Australia and New Zealand.

References

  1. Let's go shopping Australian Financial Review 23 March 2001
  2. Saminather, Nichola (17 December 2013). "Commonwealth Retail Fund to Pay A$460 Million for Management". Bloomberg News . Retrieved 3 December 2014.
  3. CFS Retail Property Trust Group becomes Novion Property Group Novion 3 November 2014
  4. "CFS Retail changes name to Novion". The Australian . Retrieved 3 December 2014.
  5. Merger of Novion Property Group and Federation Centres implemented Novion 11 June 2015
  6. Federation reborn as Vicinity with new chief in place Australian Financial Review 28 October 2015
  7. December 2014 valuations Novion
  8. Annual report for year ended 30 June 2014 CFX Retail Property Trust Group