Centro Properties Group
Centro Properties may have taken the phrase "shop 'til you drop" a bit too literally. Centro owns, develops, manages, and leases retail properties in the US, Australia, and New Zealand. Through funds, it oversees a portfolio of approximately 400 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.
Contact Details
Office Address
Centro Properties Group
Level 3, The Glen Shopping Centre
235 Springvale Rd
Glen Waverley, Victoria , Australia 3150
Phone: +61-3-8847-0000
Fax: +61-3-9886-1234
Executives
Chairman
Paul A. Cooper
CEO and Director
Robert E. Tsenin
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