CER 0.00% 32.0¢ centro retail group

Hi Hotlegs8693Believe this article refers to the same AFR...

  1. 62 Posts.
    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.

 
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