Complex sentence: Bayside Shopping Centre is a super-regional shopping centre, and the largest in Frankston and on the Mornington Peninsula, owned by Vicinity Centres (after merging with Novion Property Group in 2015).
Split into simpler sentences: Bayside Shopping Centre is a super-regional shopping centre, and the largest in Frankston and on the Mornington Peninsula. It is owned by Vicinity Centres (after merging with Novion Property Group in 2015).