Centro cancels plan to sell mall in Sydney

09/9/2008 | Sydney Morning Herald (Australia), The

Centro Properties Group backed off plans to sell a mall in an effort to help pay down $5.3 billion in debt. The sale of Centro Bankstown in western Sydney, Australia, which was part of a larger asset sale, was canceled when the company did not receive any satisfactory offers, Centro said in a letter to investors.

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Sydney Morning Herald (Australia), The

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