Novion Property Group Explained

Former Name:	CFS Retail Property Trust Gandel Retail Trust
Industry:	Property Management
Foundation:	October 1994
Founder:	John Gandel
Defunct:	June 2015
Location City:	MLC Centre, Sydney
Location Country:	Australia
Num Locations:	36
Num Locations Year:	2015
Net Income:	$400 million
Net Income Year:	2014
Website:	www.novion.com.au

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

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

• Bathurst City Centre
• Chatswood Chase
• DFO Homebush
• Lake Haven Shopping Centre
• Lidcombe Shopping Centre

Victoria

• Altona Gate
• Bayside
• Broadmeadows Central
• Chadstone Shopping Centre
• Corio Shopping Centre
• DFO Essendon
• DFO Moorabbin
• DFO South Wharf (75%)
• Emporium Melbourne (50%)
• Forest Hill Chase
• Gateway Plaza, Leopold
• Myer Bourke Street (33%)
• Northland Shopping Centre (50%)
• Roxburgh Village

Queensland

• Clifford Gardens
• Grand Plaza Shopping Centre (50%)
• Uptown, Brisbane (50%)
• QueensPlaza
• Runaway Bay Shopping Village (50%)

South Australia

• Castle Plaza
• Elizabeth City Centre

Tasmania

• Eastlands
• Northgate

Western Australia

• Rockingham Shopping Centre

Notes and References

1. https://web.archive.org/web/20221001232425/https://www.afr.com/companies/lets-go-shopping-20010323-ka4p2 Let's go shopping
2. Web site: Saminather . Nichola . Commonwealth Retail Fund to Pay A$460 Million for Management . Bloomberg News. 2014-12-03 . 2013-12-17 .
3. https://web.archive.org/web/20221001205348/https://www.asx.com.au/asxpdf/20141103/pdf/42tg7s32y2d3by.pdf CFS Retail Property Trust Group becomes Novion Property Group
4. Web site: CFS Retail changes name to Novion . The Australian. 2014-12-03 .
5. https://web.archive.org/web/20150807031814/http://www.asx.com.au/asxpdf/20150611/pdf/42z462d2724prp.pdf Merger of Novion Property Group and Federation Centres implemented
6. https://web.archive.org/web/20220930210018/https://www.afr.com/property/new-federation-chief-faces-debt-headache-20151027-gkj9ls Federation reborn as Vicinity with new chief in place
7. https://web.archive.org/web/20221001205141/https://www.asx.com.au/asxpdf/20141218/pdf/42vl5pv46vsc4t.pdf December 2014 valuations
8. https://web.archive.org/web/20221001211256/https://www.asx.com.au/asxpdf/20140821/pdf/42rml05flcx6z7.pdf Annual report for year ended 30 June 2014