Australian Giant May Sell IN, US Assets

From the Indy Star:

Centro Properties Group will put itself up for sale ahead of a Feb. 15 deadline to refinance $3.4 billion in debt, the beleaguered Australian shopping mall giant said today.

Centro took on enormous debt after an aggressive and highly leveraged U.S. acquisition spree over the past two years.

According to the company's website, Centro owns 14 properties in Indiana, including Westlane Shopping Center on Indianapolis' Northwestside, Marwood Plaza on the Southwestside, Speedway Super Center in Speedway, and Meridian Village Plaza in Carmel.

The company did not say which of its properties would be put on sale.

Admit it.

When you saw "Australian giant may sell Indiana assets" you thought about Macquarie and the toll road.