Centro Properties Group (Centro) is a 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 $22.6 billion at June 30 2008.
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.
Centro:
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Is a retail property specialist;
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Has significant funds under management;
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Is the second largest retail property owner/manager in Australia;
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Is the fifth largest retail property owner/manager in the US;
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Has strong local property management experience and expertise; and
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Is the largest provider of retail space to Wesfarmers and Woolworths in Australia and TJX and Kroger in the US.
In both Australia and the US, Centro operates national platforms with regional or state operating systems. This philosophy achieves the benefits of scale, including diversification and relationships with retailers, while recognising the importance of local knowledge.
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