Kiwi property executive Angus McNaughton leapt out of the reject bin on Monday to become chief executive of the $A22 billion Vicinity Centres Group, the entity resulting from the merger of Federation Centres and the Novion Property Group.
Published 5 November 2010 Centro Properties Group (CNP) has decided to run a formal competitive market process for its $A18.6 billion portfolio after fielding approaches from a number of parties with a variety of indicative expressions of interest. The group & its managed funds are on death row: Property revaluations took Centro’s asset backing from […]
Published 8 July 2009 5 shareholders together holding more than 5% of Centro Property Group have told the Australian group a leading Chinese bank could refinance it, but they want 3 board seats to help the process along. The companies have requisitioned a general meeting to have their 3 nominees appointed to the Centro […]
Published 15 January 2008 Centro Properties Group chief executive Andrew Scott resigned today, his departure price discounted like those of the battered Australian retail property owner’s stocks. He’s been replaced by Glenn Rufrano, who was chief executive of US reit New Plan when Centro took it over last year and stayed on to become […]
Published 14 January 2008 Trading in the 2 stapled securities of Centro Properties Group was suspended at the troubled Australian retail property investor’s request on Friday, pending an announcement. Centro asked the ASX that the trading halt remain in place until the earlier of Centro making that announcement or opening of the market on […]
Published 2 January 2008 Centro Properties Group said today it would invite expressions of interest for key alternatives available to it as the board & management undertake a strategic review in the wake of the group’s failure to secure long-term rollovers of $A3.9 billion of loans. The options include the breakup of the group […]