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Centro Properties Group · Glen Waverley, Victoria Australia (Australian: CNP)

Level 3, The Glen Shopping Centre,
235 Springvale Rd.
Phone: +61-3-8847-0000
Glen WaverleyVictoriaFax: +61-3-9886-1234
3150
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Centro Properties Group Rankings

Company Description

Centro Properties may have taken the phrase "shop 'til you drop" a bit too literally. Centro owns, develops, manages, and leases retail properties in  Australia and New Zealand. Through funds, it oversees a portfolio of more than 100 properties leased to supermarkets, department stores, and other retailers. Centro entered the US in 2006 with its acquisition of Heritage Property Investment Trust; it followed that up with the $6.2 billion purchase of New Plan Excel Realty Trust in 2007. Unfortunately, the rapid growth meant big debt, just as the global credit squeeze took root. Faced with unmanageable debt, Centro sold assets and, in early 2009, turned over 90% of its stock to creditors. It exited the US in 2011.

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Financials

Company TypePublic - Australian: CNP Headquarters
Fiscal Year-EndJune

Executives

18 executives listed for Centro Properties Group's Glen Waverley, Victoria location.

ChairmanPaul CooperE-mail
CEO and DirectorRobert TseninE-mail
COO, Centro Watt JVTony TorneyE-mail

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