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Business Description: Centro Retail Group (CER) is a pure property trust with a diversified domestic retail property portfolio by shopping center format with a spread of regional, sub-regional and convenience shopping centres. CER is managed by Centro MCS Manager Limited, an affiliate of Centro Properties Groups (Centro).
Strategy Analysis: Centro co-invests its own equity into both the diversified funds and the ownership funds with other external investors. This aligns the interests of Centro and its investors along with external investors. This gives external investors increased comfort that Centro will continue to efficiently manage the underlying retail property assets and funds in order to maximise investor returns.
Centro Retail reported a statutory net profit attributable to members of $292m for the half year ended 31 December 2010. Underlying Profit for the half year was $61m compared to $81m for the previous corresponding period. CER agreed with the co-owners of its assets, including Centro Properties Group, to commence a competitive market process to formally evaluate interest in its Australian and US investments..
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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