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. It was managed by Colonial First State, based in Sydney, under the name CFS Retail Property Trust until 2013, when it separated. It was renamed Novion in November 2014. Novion merged with Federation Limited in June 2015, to become Vicinity Centres.