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Macquarie CountryWide Trust announces sale of US portfolio for US$1.3billion

17/07/2009

Macquarie CountryWide Trust (ASX: MCW) today announced it has signed agreements to sell its 75% interest in a US portfolio of 86 properties (the Portfolio), owned in partnership with Regency Centers (Regency), for a gross sale price of US$1.30 billion (A$1.61 billion). The sale price reflects a capitalisation rate of 9.1% based on the Trust’s estimated net operating income (NOI) for calendar year 2009, valuing a 100% interest in the Portfolio at US$1.73 billion (A$2.14 billion).

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