Monday, 20 December 2010

Region. Centro malls on the market

Major Australian retail landlords have indicated their interest in adding Centro Properties assets to their retail holdings – four Centro shopping centres are located in Western Sydney. Among the interested buyers for some or all of the malls are Westfield, Lend Lease's Australian Prime Property Fund, CFS Retail Trust, Queensland Investment Corp, and the Singapore Government Investment Corp (GIC). Centro decided last month to put all its Australian and US assets, worth $13.5 billion, on the market after having received approval to refinance the next round of debt, which is due by next week.



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