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CENTRO PROPERTIES, RETAIL TO BUY NEW PLAN EXCEL REALTY IN US.
Publication: AsiaPulse News Publication Date: 28-FEB-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
SYDNEY, Feb 28 Asia Pulse - Centro Properties Group and Centro Retail Trust have announced a $US5 billion deal to buy US shopping centre investor New Plan Excel Realty Trust.
Centro, Australia's second biggest shopping centre investor, and retail property group Centro Retail Trust have offered .15 cash per share for New Plan.
The companies said the merger agreement with New Plan, a US-listed retail property real estate investment trust which specialises in convenience retail property, of...
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