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.
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The future of Centro Properties Group is in serious doubt after...
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