CENTRO PROPERTIES

Centro Properties Group, commonly known as 'Centro', is an Australian company which provides retail property ownership and management services. It is a listed company with securities traded on the Australian Securities Exchange. The multinational company owns and operates shopping centres in Australia, United States and New Zealand. Centro shopping centres are typically branded with the name Centro in their name. Centro is the fifth-largest retail property owner/manager in the United States, the second largest in Australia, and the largest provider of retail space to Wesfarmers and Woolworths .

Centro Properties Group is a multi-national retail property specialist with a focus on the ownership, management and re/development of community and neighborhood shopping centers, malls and lifestyle centers in the US. Its collective portfolio of 600 properties aggregates approximately 98 million square feet of GLA and is strategically located across 39 states.

Centro was established on 18 February 1985 under the name Jennings Properties Limited, and shares were issued in the same year on the Australian Stock Exchange. In January 1991, Jennings Properties Limited was renamed Centro Properties Limited, with the stock being changed across in May 1991. In September 1997, Centro was restructured to become a stapled security structure named Centro Properties Group. Centro is a stapled security comprising one unit in Centro Property Trust (CPT) stapled to one share in Centro Properties Limited (CPL). CPT is the owner of Centro's interests in the properties and CPL, along with its subsidiaries, provides management services to CPT. Centro Properties Group has two investment products listed on the Australian Securities Exchange. Centro specialises in the ownership, management and development of shopping centres in Australia, New Zealand and the US, as well as managing unlisted investment funds. It has two main categories of investment products: listed and unlisted investments.