Centro puts $26bn retail assets on the block(2)

The Westfield Group and Brookfield Asset Management are among the buyers looking to bid on part or all of the Aussie shopping mall owner’s portfolio.

Melbourne-based Centro Properties Group has put itself up for sale before a February 15 deadline to refinance $3.4 billion (€2.3 billion) of debt, according to local press reports.

Faced with a tightened credit market in the aftermath of the subprime collapse, the company had been forced to negotiate a two-month extension on refinancing of $3.4

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