The future of Centro Properties Group is in serious doubt after the shopping centre owner's lenders failed to agree on the terms to an extension of a A$2.3 billion loan facility. The company, which last week went into a trading halt, was last night yet to secure the extension after a key deadline passed on Friday. Analysts said Centro's last hope resided in securing some quick assets sales from its stable of 800 shopping centres throughout Australia and the United States.
CNP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
