Novion Property Group

"Novion" redirects here. For the 17th century French magistrate, see Nicolas Potier de Novion.
Novion Property Group
FormerlyCFS Retail Property Trust
Gandel Retail Trust
ASX: NVN
IndustryProperty Management
FoundedOctober 1994
FounderJohn Gandel
DefunctJune 2015
Headquarters
MLC Centre, Sydney
,
Australia
Number of locations
36 (2015)
$400 million (2014)
Websitewww.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]

  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