CFS Retail Interest in DFO Outlets
Further Reading
CFS Retail Property Trust (ASX:CFX), the retail property business of global investment manager Colonial First State, is expected to raise $600 million for the purchase of the troubled four DFO centres at South Wharf, Essendon and Moorabbin, and Sydney's Homebush DFO centre from parent company Austexx.
The CFS Retail Property Trust was yesterday placed in a trading halt on the Australian stock exchange, ''pending the announcement of a significant transaction''.
Austexx will continue to operate its remaining DFO stores as it looks for buyers for its Cairns, Jindalee, Brisbane Airport and Canberra outlets. It also owns the former DFO site on Melbourne's Spencer Street.
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