Vicinity Centres announced that Ms Karen Penrose intends to resign from Vicinity's Board (comprising the Boards of Vicinity Limited and Vicinity Centres RE Ltd. as responsible entity of Vicinity Centres Trust). Ms Penrose will remain on the Board until after Vicinity's FY22 result announcement on 17 August 2022, with her resignation to take effect on 15 September 2022. Ms. Penrose has been a Non-Executive Director at Vicinity since its formation in 2015, having previously served on the board of predecessor entity, Novion Property Group (formerly, CFS Retail Property Group) since 2014.