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BRIEF-Scentre announces sale of 3 NZ shopping centres

Published 27/11/2015, 02:01 pm
© Reuters.  BRIEF-Scentre announces sale of 3 NZ shopping centres
SCG
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Nov 26 (Reuters) - Scentre Group SCG.AX :

* Sale of 3 NZ centres and repayment of property linked notes SCG.AX

* Announced the sale of three shopping centres in New Zealand with combined gross proceeds of NZ$549 million

* Says Westfield Glenfield has been sold to the Ladstone Holdings Group of companies with completion due on 30 November 2015

* Says sale of the three centres has been transacted at a yield of 8.2%

* Has also recently repaid one series of its property-linked notes valued at NZ$280 million

* Transactions will have no impact on 2015 FFO and Scentre Group reconfirms its forecast 2015 FFO of 22.5 cents per security

* Says an agreement has been signed for the sale of Westfield Queensgate and Westfield Chartwell to diversified Nz Property Fund Limited

* Source text for Eikon ID:nASXc3GTs

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