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Centro Shopping America Trust (formally Galileo Shopping America Trust) is an investment product part of Centro Properties Group that acquires shopping centers all around the United States. It was acquired by Centro Properties Group in May 2007 from Galileo Property Trust Group (ASX: CSF).[2] In October 2007, Centro Shopping America Trust successfully merged with Centro Retail Trust (CER) and was subsequently delisted from the Australian Securities Exchange.[3] Centro Retail Trust is an Australian Securities Exchange (“ASX”) Listed Property Trust managed by Centro Properties Group (“Centro”). Listed in August 2005, CER offers investors an income return with exposure to quality Australian, New Zealand and United States of America shopping centres. Centro Retail Trusts's portfolio is valued at approximately $8.31 billion (2007). Centro Retail's investment philosophy is to provide investors with access to pure retail property ownership.[citation needed]
| Company type | Public (ASX: CNP) |
|---|---|
| Industry | Property Development, Property Management |
| Founded | February 18, 1985 (as Jennings Properties Limited) |
| Headquarters | Melbourne, Australia |
Area served | Australia New Zealand United States |
Key people | Glenn Rufrano (CEO) Mark Wilson (CIO) Graham Terry (COO) |
| Products | Centro Retail Trust Centro Watt Trust Centro MCS Syndicates Centro Direct Property Fund Centro Direct Property Fund International Centro Wholesale Funds |
| Services | Property Development and Management |
 $469.72 million (2006-07) | |
| Total assets |  A$30.9 billion |
Number of employees | ~ 900+ (within Australia) [1] |
| Website | www.centro.com.au |
References edit
- ^ Employment Opportunities – Centro Properties Group
- ^ "Galileo Shopping America Trust". Archived from the original on 2007-08-29. Retrieved 2007-11-20.
- ^ "TEXT-Centro Retail to merge with Centro Shopping America". Reuters. 2007-08-27. Retrieved 2020-09-01.
External links edit
- Galileo Funds
- ICSC SCT Newswire
- “International LPTS: Introduction and Literature Review” (PDF file)
- Morrison Foerster: Attorney for Galileo
- Australian Stock Exchange
- Story about Galileo
- Yahoo Australia profile on Galileo[permanent dead link]
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