us sales to ease pressure on centro

In a move to ease debt pressures, Centro Properties will soon divest $A1.2 billion in US shopping centre assets. Negotiations over the sale of 32 properties in the Centro America Fund have been ongoing since January 2008, and a deal is speculated to be in the final stages of agreement with a pension fund. Coping with a debt-funding shortfall of $A3.9 billion, Centro is also due to sign a new debt agreement with banks on 30 May 2008

Source:
http://www.businessspectator.com.au/bs.nsf/Article/US-sales-to-ease-pressure-on-Centro-F3TAQ