CFS Retail Property Trust
(ASX:CFX) has confirmed it’s in talks to sell four Victorian sub-regional shopping centres.
The property trust says the potential sale is in line with its previously outlined strategy.
CFS says the proceeds have been earmarked to be re-invested into the trust’s development pipeline and future acquisitions.
The negotiations are incomplete and conditional, with CFS stating the potential portfolio sale is part of its constant evaluation process to assess opportunities and recycle capital where appropriate.
Colonial First State retail property trust generated a net profit of $126.4 million in the first half of the current financial year.
