Of course, thats the whole point. CBA can see billions in profit...

Of course, thats the whole point. CBA can see billions in profit a few years along. The are Centro's largest secured Australian creditor which means CBA get to seize the actual assets.

Whats more, there are no doubt more than a few senior honchos in CBA who see Centro as a career move for them. You will see the Centro assets sold off cheap to retiring CBA insiders who will run them as the next generation of little property trusts.