Centro MCS achieved strong results for the half year to June 2007, delivering good capital growth and stable distribution returns. Centro MCS continued to focus on adding value to Investors through active property and capital management, the development pipeline and constitutional changes.
Centro MCS consolidated its standing as the leading direct property syndicate manager in Australia over the 12 months to June 2007, growing funds under management to A$8.5 billion. The growth was made up of assets acquired from the US based Heritage Property Investment Trust ('Heritage') combined with revaluation gains totalling $518 million.