Some of you work for malls (shopping centres) and may have heard before Xmas the collapse of CENTRO Property Group which owned hundreds of malls in the USA (and I think some in Canada too). Basically it came down to being unable to refinance loans through USA banks and 80%+ of share prices have been wiped off the books in a matter of weeks.
Just curious if anyone knows more that is going on in the USA with this company as there is another company called WESTFIELD who owns billions in shopping centres in the USA and I believe owned 1 of the WTC towers and unlike Donald Trump actually owns something and I know they will snap up these properties when they become available. Any job or tennant losses just yet ?
Just curious if anyone knows more that is going on in the USA with this company as there is another company called WESTFIELD who owns billions in shopping centres in the USA and I believe owned 1 of the WTC towers and unlike Donald Trump actually owns something and I know they will snap up these properties when they become available. Any job or tennant losses just yet ?
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