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Sophia McCaughan

INSANE: Vicinity seals largest aussie retail deal for 2024 | Vintage Vibes

Sydney's Queen Victoria Building is part of Vicinity's retail shopping centre stable. (Mick Tsikas/AAP PHOTOS)

Vicinity Centres has completed Australia's largest retail transaction of the year, buying a half-stake in the Lakeside Joondalup shopping centre north of Perth for $420 million.

Chief executive Peter Huddle said there is massive potential for Lakeside Joondalup and is confident there is growth and value to be unlocked.

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