CER Completes US$28.6 Million of US Asset Sales Centro Retail Trust (CER) announced today that it has completed the sale of four assets in the United States as follows:
Property Name1 Location Greenport Towne Center Hudson, New York Garden City Plaza Garden City, Kansas Chestnut Hills Murray, Kentucky Ladera Albuquerque, New Mexico 1For all assets listed, 95% of asset held by CER outside of Super LLC with remaining 5% ownership interest of asset held by Centro Properties Group (CNP) within Super LLC.
The aggregate sale amount for these assets was US$28.6 million with CER’s share being US$27.2 million. After payment of transaction costs, net proceeds will be utilised for debt reduction.
About Centro Retail Trust (ASX: CER) Centro Retail Trust (CER) is a pure property trust specialising in the ownership of shopping centres. CER owns retail property investments in Australia and the US. CER’s portfolio is comprised of 30 assets in five Australian states and 394 assets in 38 US states. For more information, please visit the CER website at www.centro.com.au/centroretailtrust.
CER Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
