Analysts raised questions about Centro MCS 24's ability to avoid a loan covenant breach on 24 September 2008. The Centro Properties Group syndicate's Lake Macquarie and Mount Hutton shopping centres are likely to be sold in a bid to cover the debt, although Centro Properties' next debt deadline is less than a week away. Queensland Investment Corporation head, Laurie Brindle, refused to comment on a possible 50 per cent purchase of Centro Properties' Galleria centre in Perth, although analysts believe the deal remains a possibility
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CNP Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
