Centro To Buy New Plan

Centro Properties Group has reached a deal to acquire New Plan Excel Realty Trust in a $6.2 billion deal.

This is Centro's third acquisition of a U.S. retail REIT. Last year, it bought Heritage Property Trust for $3.2 billion and in late 2004 it bought Kramont Realty Trust for $1.3 billion.

More details to come later today in our e-newsletter.

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