cer and the us$, page-6

CER yesterday hinted at seeking a US exit strategy, but with the portfolio now clearly an albatross around the trust's neck, some analysts believe it may be preparing to "hand back the keys" to head stock co-owner Centro Properties...

Merrill Lynch real estate analyst Simon Garing said there were still too many moving parts to CER, but a future equity raising was likely for an Australian-owned vehicle. "CER is likely to carve out the US assets and focus on the Australian rump," he said.

From The Australian, Maurice Dunlevy