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David Bodamer
David Bodamer has been Editor-in-Chief since May 2006. Prior to that, he served as Managing Editor. Before joining Retail Traffic, Bodamer served as associate editor and senior associate editor for Commercial...more

Centro To Buy New Plan

David Bodamer February 28th, 2007

Centro Properties Group has reached a deal to acquire New Plan Excel Realty Trust in a $6.2 billion deal.

This is Centro’s third acquisition of a U.S. retail REIT. Last year, it bought Heritage Property Trust for $3.2 billion and in late 2004 it bought Kramont Realty Trust for $1.3 billion.

More details to come later today in our e-newsletter.

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Related Topics: News, Investment, International, Retail Real Estate, REITs

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