The Nashville Files - Owner of seven area shopping centers seeks buyers

Home

Owner of seven area shopping centers seeks buyers

An Australian real estate company that owns Spring Mall in Greenfield and six other retail plazas in the Milwaukee area is seeking buyers as a debt refinancing deadline approaches next month.

Centro Properties Group on Wednesday said it is looking for "expressions of interest" for alternatives that include acquiring the company or buying its Australian and U.S. assets. Centro has $22 billion in assets that includes about 700 properties in the United States, nine of which are in Wisconsin and more than 100 in Australia and New Zealand.

The company said it received interest from investors in the company and its assets as it undertakes a strategic review. Centro faces a deadline that recently was extended to Feb. 15 to refinance about US$3.4 billion in debt.

The company, hurt by the subprime mortgage crisis, said in a letter to investors in late December that it isn't obligated to take a specific course of action before February. At the time, expected refinancing costs led the company to cut its dividend for the second half of 2007.

Centro's Milwaukee-area properties are:
* Spring Mall, 4200 S 76th St. in Greenfield,
* Packard Plaza, 5656 South Packard Plaza in Cudahy,
* Northridge Plaza, 8155-8271 West Brown Deer Road in Milwaukee,
* Moorland Square Shopping Center, 15445 W National Ave. in New Berlin,
* Mequon Pavilions, 10930 N Port Washington Road in Mequon,
* Paradise Pavilion, Main Street and Paradise Drive in West Bend,
* Fox River Plaza, 1120 Milwaukee Ave. in Burlington.

< Prev		Next >

Headline

1/8

Bell Aliant provides improved productivity

Bell Aliant launched a new service for businesses in Atlantic Canada. Bell Aliant Total Office - the first of its kind in Atlantic Canada - is a unique suite of phone, Internet and IT solutions that will provide a simple, convenient and flexible way for medium-sized businesses to increase productivity, collaboration and reduce expenses.

Music

Lambert to appear on ABC's 'The View' after complaining of being dropped from other ABC shows NEW YORK (AP) — ABC says glam-rocker Adam Lambert will appear and perfor...

Restaurants

Inclusive Inclusion and Citizenship At the invitation of Lucio Carvalho, I will be working with even a voluntary and...

Entertainment

Nashville The City of Dreams February 11, 2009 "You can’t know where you’...

Technology

Technology favoring accessibility Games controlled with body, no mouse or remote control. Consoles i...

Politics

LIBBY QUAID, AP Education Writer Education Secretary Arne Duncan is a man on a mission: to hear what teachers, ...

Law

New Adoption Law A new law on adoption was approved by the Brazilian Senate on 15 October, she ai...

Science & Space

41 years ago, the man flew over the Moon On December 24, 1968 the astronauts Borman, Lovell and Anders, which constitut...

Travel

Village Espindo The project of rehabilitation of the village of Espindo was inaugurated on 11 Ju...

Education

President ubes discusses Enem with Fernando Haddad The president of the Brazilian Union of Secondary Students (ubes), Yann Evanovic...

Sports

Dolphini Networks named Preds broadband provider Dolphini Networks has signed a contract with the Nashville Predators to become t...

Business

louis vuitton on sale For louis vuitton purses, LV (LouisVuitton) uses leather, but also the canvas. ...

Hot Module
Beauty Spring 2007

And, if it can get any better than that, we also have loads of new icons and buttons including unique "Download" and "SignUp" images which will just add that extra touch of user interactivity.
Welcome
Ursus lacus interdum ante
Odio nulla sapien Vestibulum felis nulla Nam tempor sed quis a. Cursus lacus interdum ante tempus Maecenas a in Lorem a Integer. Tempor Vestibulum in sociis lacus consequat dui sociis tempus urna justo. Et orci purus nunc quis nec Curabitur scelerisque laoreet a vel.
Hilite phrase
Nunc cursus sem et pretium sapien eget consectetuer

Wisi sed pede Phasellus Vestibulum elit consequat consequat eu pellentesque metus. Laoreet Vestibulum pharetra pede mattis nunc dapibus id magna a dictumst. Nunc cursus sem et pretium sapien eget consectetuer malesuada Phasellus Curabitur.