Vicinity Centres
(ASX:VCX) has entered into contracts to sell Wodonga Plaza in Victoria for $43.5 million and Terrace Central in Raymond Terrace, New South Wales for $33.5 million.
The retail asset manager says of the two non-core assets represent a combined 7.7 per cent premium to their 31 December 2016 book values.
The Wodonga Plaza is being sold to M/Group and is tipped the settle in June 2017.
Terrace Central is being sold to Panthera Property Group and is expected to settle in November 2017.
Shares in Vicinity Centres
(ASX:VCX) are trading 0.50 per cent lower to $2.75.
