centro flags sale of $450m of us assets, page-2

Hi Hotlegs8693
Believe this article refers to the same AFR report.
Interesting move.

Shopping centre owner Centro is in the headlines again with news that it has put a $450 million portfolio of its US assets on the block. According to The Australian Financial Review, the move by Centros Super LLC platform has been instigated to settle a looming debt to JP Morgan. The move comes as Centro plans to offload its $4 billion portfolio of Australian assets before Christmas. The Super LLC platform a joint venture between Centro Properties Group and Centro Retail Group was created when Centro took over the $US5 billion New Plan property fund which was run by Glenn Rufrano, who later played a critical role in keeping Centro afloat.