Federation Centres, which recently merged with fellow property giant Novion, said today it was re-branding the post-takeover corporation as Vicinity Centres.
"It was recognised early on that the merged group's name should signify its new identity," chairman Peter Hay said.
The name will be changed, contingent on shareholder approval, at the group's annual general meeting in October.
"Our centres are 'in the Vicinity', close and convenient, and aim to enrich the local communities where Australian families live, work and shop," Mr Hay said.
The group also announced today a 8.5c distribution for the half year ending June 30, in line with guidance provided at Federation’s half-year results.
The merger between the groups created a $22 billion real estate investment trust, one of the largest groups on the Australian sharemarket.