GIC joined in bids for Australia shopping malls - report

Business Spectator, 20 Dec 2010Centro Properties Group has received $13.5 billion worth of indicative bids for its shopping malls, local media reported, as the rare distressed opportunity whetted appetite of investors angling for the country's relatively healthy market.Among the interested buyers for some or all of Centro's assets up for sale are Westfield, Lend Lease's Australian Prime Property