centro properties group
ASIC suspends PwC partner over Centro debacle
THE Australian Securities and Investments Commission has suspended Centro's former lead auditor, Stephen Cougle, a Melbourne partner of PricewaterhouseCoopers. ... Full story
Centro paid former boss 3mil for five months
CENTRO Properties Group was paying former CEO Robert Tsening over $600,000 a month, despite being pinned down by a mountain of debt and having cash flow volatility concerns. ... Full story
Court approves Centro restructure
THE long-running and media saturated coverage of the Centro Properties Group and Centro Retail Trust saga has finally come to end. ... Full story
High cost of debt still hampering AREITs
THE Australian real estate investment trust sector continues to be hamstrung by the high cost of debt and unsustainable gearing levels, according to PKF chartered accountants and business advisers. ... Full story
Court adjourns Centro merger case
THE NSW Supreme Court has adjourned the hearing on Centro Retail Trust’s proposed restructure which cast doubts in the marketplace, sending CER shares falling to a two-year low. ... Full story
Crisis averted, Centro gains approval
CENTRO Properties Group and Centro Retail Trust securityholders have approved the restructure, ending a four-year long challenge to recapitalise the debt laden company. ... Full story
Marathon runs against Centro merger
NEW York hedge funds manager Marathon Asset Management has announced its intentions to vote against the Centro merger proposal. ... Full story
JPMorgan holds the cards to Centro merger
INVESTMENT bank JPMorgan has gained approval from the NSW Supreme Court for the right to vote on the Centro merger proposal, because it is not happy with the payout. ... Full story
Centro directors get off almost scot-free
THE Federal Court has fined former Centro CEO Andrew Scott $30,000 and disqualified CFO Romano Nenna from managing corporations for two years. However the remaining five directors were not sanctioned. The sentence is a blow to the corporate regulator who had wanted to set an example with this case. ... Full story
Time to say goodbye
CENTRO Properties Group is bowing out after 14 years and yesterday it posted its last annual result, a 91% fall in underlying profit, not that that matters, of $14.6 million for the 12 months to June 30. ... Full story
Monopoly not a good analogy to real estate
OPINION: MONOPOLY is a board game that allows you to...
Investors coming out of hibernation
INVESTORS are returning to the residential property market in response...
Australian housing markets continue to show improvement
OPINION: As the year is quickly coming to an end,...
What should I buy?
OPINION: ONE of the more common investment questions that I...
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