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Centro Retail Australia Limited (ASX:CRF) says it plans to change its name to Federation Centres, pending shareholder approval and in an effort to overcome a troubled past.
Centro says the name has been selected to represent the sum of unique parts that form a unified group.
A new brand will also be created. Media reports suggest the name change is geared towards receiving an investment grade credit rating next year to assist its debt structure.
The shopping centre owner was burdened by a class action this year that was settled for $200 million.
Centro booked a net loss of $222.9 million in the 2012 financial year.
