Business Services Industry
CFS mooted in Chatswood Chase deal.
Australasian Business Intelligence, March, 2007
Byline: Ben Wilmot
Mar 13, 2007 (The Australian Financial Review - ABIX via COMTEX) -- CFS Retail Property Trust may invest in the 50 per cent of the Chatswood Chase shopping centre that it does not already own. In December 2006, the $A545 million complex was revalued on a tight 5.25 per cent capitalisation rate. Chatswood Chase has a planned $A168 million redevelopment project. Analysts from Merrill Lynch have suggested CFS could sign off on the deal by mid-2007. The trust has played down the likelihood of an early deal.
Publication Date: 14 March 2007
CFS RETAIL PROPERTY TRUST - ASX CFX
CHATSWOOD CHASE
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
MERRILL LYNCH AND COMPANY INCORPORATED
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