Pacific Retail REIT's float terms still uncertain

09/30/2013 | Australian (tiered subscription model), The

Pacific Retail REIT's portfolio of about $494 million of retail centers may not assemble as expected, with some of its retail centers eyed for acquisition. Seven Hills shopping center in Sydney's western suburbs was to enter the float, but its owner received another offer from a new party. Pacific Retail's float failed last month when investors decided they weren't comfortable with the offer.

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Australian (tiered subscription model), The

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