Centro Seeks Partner to Help Manage 50 Shopping Malls, Australian Reports

Centro Properties Group is seeking a partner to manage 50 shopping centers and buy part of the company’s equity in the syndicates holding them, the Australian newspaper reported, citing a document sent to prospective buyers. Interested parties may include Colonial First State Global Asset Management, AMP Capital Ltd., Challenger Financial Services Group Ltd., Lend Lease Group and GPT Group, according to the report.

To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net

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