centro to sell $4bn

Oct. 28 (Bloomberg) -- Centro Property Group will seek bids for A$4 billion of Australian shopping centers before Christmas, the Australian Financial Review reported, without citing anyone. The group of more than 40 assets is held primarily by the Centro Australia Wholesale Fund and the listed Centro Retail Trust, the newspaper said. Stockland, Lend Lease Group, Colonial First State Global Asset Management and AMP Capital Investors are among potential bidders, according to the report. The assets arent expected to be sold at a discount, the newspaper said.

To contact the reporter on this story: Nichola Saminather in Sydney at [email protected]

To contact the editor responsible for this story: Tim Smith at [email protected]