Centro Properties Group (‘Centro’) is a leading, fully integrated retail property ownership and services organisation involved in retail property ownership, leasing, redevelopment and funds management. Centro is a listed company with securities traded on the Australian Stock Exchange (code: CNP).
Centro’s properties under management are located in Australia, the United States and New Zealand and were valued at a total of $24.9 billion at December 2007.
Centro’s managed portfolio in Australia and New Zealand consists of a diversified portfolio of retail assets, including regional, sub-regional, neighbourhood and bulky goods shopping centres in a well balanced mix of metropolitan and non-metropolitan markets. In the United States, Centro manages community, neighbourhood, mall and big box retail shopping centres primarily located in suburban areas across the country.
Centro shopping centres are typically focused on non-discretionary retail spending such as fresh food, supermarkets and other everyday needs.
Centro’s Services Business undertakes property management, leasing, development management and funds management activities for its managed portfolio. Centro manages both listed and unlisted funds, providing a broad range of quality retail property investment opportunities.
Centro’s points of difference are:
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Retail property specialist;
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Cemented co-investment business model ensures alignment of interests between Centro investors and co-investors;
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Significant funds under management;
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Second largest retail property owner/manager in Australia;
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Fifth largest retail property owner/manager in the US;
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Strong local property management experience and expertise;
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Largest provider of retail space to Coles Group and Woolworths; and
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Proven ability to add value to its property portfolio.
Centro has built substantial retail property platforms both domestically and internationally and with the evolvement of its business model, has a future of sustainable growth.