Centro to front Federal Court
A class action claim has been brought against Centro Properties Group and CPT Manager, the responsible entity for the Centro Properties Trust.
Maurice Blackburn is acting for the applicant, Richard Kirby, in the case, which will be heard in the Melbourne Federal Court.
In a brief statement on the Australian Securities Exchange today, Centro said it would “vigorously” defend the proceeding in the interest of its security holders, but failed to provide details of the claim.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.