Lakeside Plaza, a super llc asset was sold for $6.8m
05 June 2009 CER Sells Asset for US$6.8 Million Centro Retail Trust (CER) announced today that it has completed the sale of the following asset in the United States: Property Name1 Location Lakeside Plaza Salem, Virginia 1100% of asset held by CER within Super LLC. The aggregate sale amount was US$6.8 million. After payment of transaction costs, net proceeds will be utilised for debt reduction. About Centro Retail Trust (ASX: CER) Centro Retail Trust (CER) is a pure property trust specialising in the ownership of shopping centres. CER owns retail property investments in Australasia and the US. For more information, please visit centroretailtrust.com. For Further Information Media: Investors: Mitchell Brown Centro Investor Services Corporate Marketing Manager In Australia: 1800 802 400 +61 3 8847 1890 International: +61 3 8847 1802 [email protected][email protected]
CER Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held