Crunch Day Ahead for Centro
Wednesday is crunch day for Centro for it’s on that day that the company either has to get approval from the banks to extend their debt repayment or go into receivership.
If the banks do give Centro extra time then the company has a chance to sell off a number of the shopping complexes that it lists as assets. Centro Hervey Bay will not be one of them though for ownership of that complex here in town is shared between Centro and another retail investor who apparently holds an option to buy out Centro’s share.
You can read the full story here on the Sydney Morning Herald’s website.
