Centro Properties Group – CAF Portfolio Sale Update
On 15 July 2008, Centro Properties Group (Centro) announced that it had entered into a contingent agreement for the sale of the Centro America Fund (CAF) portfolio to a private real estate investment advisor. The agreement was subject to certain closing conditions, including a due diligence period and lender consent. Centro now advises that the due diligence period has expired and the purchaser has elected to terminate the agreement. Notwithstanding termination of the agreement, discussions between Centro and the purchaser are continuing. No assurance can be given that those discussions will result in the parties entering into a further agreement for sale or as to the terms of any further agreement, if entered into. Yours faithfully Elizabeth Hourigan Company Secretary
CNP Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
