Listed
Investments

Centro Properties Group (ASX: CNP)
Centro is a stapled security listed on the Australian Securities Exchange, specialising in the ownership, management and development of shopping centres in Australasia and the United States, as well as managing unlisted investment funds. Centro has funds under management of $25.6 billion.

Centro Retail Trust (ASX: CER)
CER is a pure retail property ownership fund which derives 100% of its earnings from rental income from retail property investments in Australasia and the United States. CER's portfolio value is $9.9 billion.

Unlisted
Investments

Centro MCS Syndicates
Fixed-term unlisted funds comprising a direct investment in retail property assets in either Australia or overseas. Centro MCS is the largest property syndicator in Australia with $7.2 billion in funds under management.

Centro Direct Property Fund (‘DPF’)
An unlisted, “fund-of-funds”. The DPF invests in Centro syndicates and funds, as well as Centro and CER and other appropriate property investments. The DPF has assets of over $1.3 billion.

Centro Direct Property Fund International (‘DPFI’)
An unlisted, “fund-of-funds”. The DPFI invests in international Centro MCS Syndicates and funds, as well as CER and other appropriate property investments. The DPFI has assets of over $600 million.

Centro Wholesale Funds
Centro currently has two wholesale funds with funds under management in excess of $3.8 billion.

CMBS
A number of Centro's managed funds, including Centro Retail Trust and many Centro MCS syndicates, have accessed debt through the Commercial Mortgage Backed Securities (CMBS) markets. Centro Shopping Centre Securities Limited 2006-1 is closed, however the associated notes may be traded on secondary markets.