News: VCX Vicinity Centres To Establish New $1 Bln Wholesale Property Fund With Keppel Capital

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    Aug 6 (Reuters) - Vicinity Centres Re Ltd (VCX) :

    • VICINITY TO ESTABLISH NEW $1 BILLION WHOLESALE PROPERTY FUND WITH KEPPEL CAPITAL
    • ASSUMING REPAYMENT OF DEBT, GEARING WOULD BE REDUCED BY ABOUT 400 BASIS POINTS
    • VICINITY CENTRES SEES IMPACT OF ESTABLISHING VKF ON CO'S FFO PER SECURITY OF 0.5 CENTS DILUTION ON ANNUALISED BASIS BEFORE REINVESTMENT OF PROCEEDS
 
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