Skip navigation

Credit Crunch Claims Centro, But Other REITs Look Safe

The credit crunch has certainly slowed things down for the retail real estate industry as evidenced by a drop in deal flow and the scaling back of some announced developments. But this week the situation transformed from an inconvenience to a major threat. Suddenly, one of the largest owners of shopping centers in the United States, Australia-based Centro Properties Trust, is on the verge of collapse unless it can pay down or refinance $3.4 billion in debt by February 15, 2008....

For the whole story please see Retail Traffic.

TAGS: News Retail
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.