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Centro Properties was one of the first high profile victims of the credit crisis, and an early case study about the dangers of bad timing and excessive debt...Today, the Australian Securities and Investments Commission pounced on seven of Centro's current...
Tags: Centro Properties Ltd, Centro Retail Trust, Centro Property Trust, Federal Court, ASIC, investments commission, centro directors, financial officer, chiefs financial
Centro stapled securities were down half a cent, or 2.9 per cent, to 16.5 cents. The shopping centre owner and operator recorded a loss for the 12 months to June 30 higher than the previous year's $2.06 billion, Centro said in a statement this morning.
Tags: Centro Properties Group, Australian, Centro Retail Trust, real estate, shopping centre, GPT Group Ltd, centro property, net loss, centre owner, FKP Property Group
US portfolio values fell from $6.1bn to $4.7bn, while CER's Australian shopping centres suffered a $300m fall. The value of the Australian portfolio dropped from $2bn to $1.7bn, despite shopping centres performing in line with expectations and recording...
Centro Retail Trust said property valuation for its Australian and US property portfolios declined $1.02 billion for the second half of the financial year. The Australian property portfolio declined 4.9 per cent over the half to $1.67 billion, and fell...
Tags: Centro Property, Centro Properties Group, Centro Retail Trust, Australian, property portfolios
The securities soared 89.66 per cent to 14.5 cents in early trade amid relief that Australia's largest property investor had avoided defaulting on its lenders and would not be placed into administration. The company is better than what it was but they're...
The embattled shopping centre owner and manager previously indicated it would vigorously defend both, but yesterday Centro chairman Paul Cooper dropped a bombshell by announcing a change of heart, The Australian reports. "I am able to tell you that a...
Tags: Centro Retail Trust, Centro Retail Group, Centro Properties Group, general meeting, chairman paul, cooper told, Paul Cooper, annual general
Shares in embattled shopping centre owner Centro Properties Group shot up nearly 50% in morning trade today when the company announced a string of victories in discussions with the syndicate of bankers which hold the fate of the group in their hands.
Tags: Centro Properties Group, centro property, property group, Centros, Centro Retail Trust, lending group, shopping centre
The notes have a coupon of 5.5% payable half yearly on June 30 and December 31...It means Centro will be prohibited from making any distributions to ordinary stapled securityholders until the missed 3.5% per annum payment of $US8.75 million has been paid....
Mr Healey, 74, was a director at Centro for 15 years and chairman for the past 5½ years, when Centro made its ill-fated foray into the United States. Paul Cooper, a Centro director since 2006, will be the new chairman. A former Lend Lease executive, Ross...