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Showing results for CENTRO PRESENTE, INC.
...This month, Zurich’s Property Fund, managed by Columbia Threadneedle, halted the £100m sale of two office buildings in Camden, known as Centro 3 & 4, after receiving bids to buy them, according to people...
...Blackstone acquired a large chunk of Brixmor’s assets in 2011, when it bought US shopping centres from Australia’s debt-laden Centro Properties Group for $9bn....
...Sogara also owns 8.2 per cent of Centros Comerciales Carrefour, which holds Carrefour’s activities in Spain....
...Working with fellow partner Rick Madden to help the deeply indebted Centro Properties Group avoid liquidation, Mr Goffman also exported US innovations to Australia, using his firm’s techniques to solve the...
...Like many banks, Centro had been funding its business before the financial crisis in the short-term debt markets, until that financing dried up in late 2008....
...Lex says that Centro’s lesson for distressed property investors is to “ignore rising asset values”....
...“Across the Centro Group, including Centro and all of its funds under management, there is A$16.5bn of investment property and A$16bn of debt at December 31, 2010,” he said....
...Oaktree bought Centro debt at about 40 cents on the dollar and sold when the price climbed above 50 cents. By contrast, some peers maintained big positions in the company ....
...Elsewhere, it was reported that another private equity company, Blackstone , had joined the bidding for Centro Properties, an Australian shopping centre owner, which also owns malls in the US....
...It comes at a time when Centro, a heavily indebted Australian-listed shopping mall owner, is selling assets to improve the health of its balance sheet....
...He pointed out that it was not the success of the Centro that hurt the company before....
...At the southern end of the elegant boulevard, opposite the Prado, next to the Thyssen-Bornemisza museum and convenient for the Centro de Arte Moderno Reina Sofía, is the Westin Palace (www.westinpalacemadrid.com...
...BC has invested in several healthcare deals, including Hirslanden, the Swiss private clinic group; the General Healthcare Group, the UK private chain of clinics for acute care and psychiatry; and Centro...
...Centro Properties, one of the biggest owners of shopping malls in Australia and the US, trades at the mercy of its banking syndicate....
Pressure for performance tests
...And while its $99 Centro handset has proved a big hit with consumers – Palm sold 2m Centro handsets in less than a year – the margins are not as high as achieved on the Treo range....
...While Commonwealth is in good shape with no systematic credit issues, its exposure to collapsed companies, such as Centro, ABC Learning Centres, Allco and Lehman Brothers, means bad debts are likely to double...
...Palm’s sales slumped by 45 per cent in the three months to the end of November as a newer generation of iPhones, BlackBerries and Google “Android” phones put its own aging Centro and Treo in the shade....
...Centro Properties fell by 31.4 per cent to 7.2 Australian cents and Centro Retail dropped 31.0 per cent to 10 Australian cents as investors feared that Centro’s banks would lose patience and assets would...
...Palm reported strong fourth-quarter sales of its entry-level Centro handset on Friday, but the Centro’s low price tag and lower gross margins plunged the struggling US smartphone and PDA manufacturer into...
...However, the investment bank added the five had a combined exposure of A$7bn to a so-called “bad boy watch list”, which includes Centro Properties, Babcock & Brown, Babcock & Brown Power, and PBL Media,...
...Centro Properties was in the limelight after it said that it had reached a refinancing plan with its lenders....
...The shopping mall owner, Centro Properties`, one of the most high profile Australian victims of the credit crisis, opened 16 per cent lower at an all-time low and closed down 9.1 per cent at A$0.20....
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