Homebush. DFO could be sold

CFS Retail Property Trust is negotiating to buy half of the Direct Factory Outlet retail business, which has its flagship outlet at Homebush, in a $500 million deal to be funded through a fully underwritten capital raising by Goldman Sachs and Macquarie Capital. The $7.7 billion CFS Retail Property Trust owns high-profile luxury mall Chatswood Chase and the giant Chadstone shopping centre in Melbourne.