Centro need 2.8 Billion dollars to refinance their debt by the 15th of December. So I am looking at what current properties WE KNOW about are up for sale and their prices to see what funds will be achieved depending on book value.
So far we have
Bankstown $660 NSW 100% Galleria $293 WA 50% Colonnades $190 SA 50% Halls Head $15 WA 50%
Total $1.158 B
Bankstown possibly will be worth $700M ( Redeveloped)
MCS 9 syndicate, worth about $309 million of which Centro own 6.3 %
Total $19 M
Now with the four New Zealand properties 2 are owned by CER and 2 by MCS not sure how this will impact on the Centro debt reduction
The Meadowlands shopping centre in Auckland Barrington shopping centre in Christchurch Owned by Centro Retail Trust
Porirua Mega Centre in Wellington Kelston shopping centre in Auckland Are owned by Centro MCS 20,
It has been rumored that CAF is close to a deal in the US reported at 1.2 B ( Rumored )
Any thoughts from other posters to add to this !!!!!
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
