Novion and Federation Centres to merge

After Cromwell Property Group’s (ASX: CMW) recent acquisition of Valad’s European funds management business, Novion Property Group (ASX: NVN) and Federation Centres (ASX: FDC) have announced plans to merge.   Like rapper Snoop Dog, who in the past two years has changed his name to Snoop Lion and now Snoopzilla, Novion will likely have a third new name within just six months. CFS Retail Property Trust Group changed its name to Novion last November when it internalized its management. Federation Centers was the reincarnation of Centro Properties, which almost went broke during the GFC. A name for the merged pair...

After Cromwell Property Group’s (ASX: CMW) recent acquisition of Valad’s European funds management business, Novion Property Group (ASX: NVN) and Federation Centres (ASX: FDC) have announced plans to merge.  

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