Centro to put its cards on the table
Centro Properties Group is expected by early next week to declare the shopping centres it is looking to sell in its $2.6 billion Centro Australia Wholesale Fund. Centres in the region include Roselands, Bankstown, Seven Hills and Penrith.
Centro's board is expected to outline the options it will explore as it prepares a strategies plan to present to the group's lenders by February 15 to refinance a $3.9 billion short-term debt following the global credit crunch.
One player said in the Australian Financial Review that the Australian fund represented "the opportunity of a lifetime" as very few retail portfolios of any size had been available in the past few years.
Centro's board is expected to outline the options it will explore as it prepares a strategies plan to present to the group's lenders by February 15 to refinance a $3.9 billion short-term debt following the global credit crunch.
One player said in the Australian Financial Review that the Australian fund represented "the opportunity of a lifetime" as very few retail portfolios of any size had been available in the past few years.
Labels: Centro
posted by parramattas at 07:14
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