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.

Centro to sell shopping centre in Bankstown

Centro Properties Group intends to sell four shopping centres including the Centro Bankstown, in which the company has a 100 per cent freehold interest. Centro has a 50 per cent unencumbered interest in one centre in South Australia and two centres in Western Australia. The condition is that Centro remains manager of the properties.