I assume that if Centro writes down the value of the Super LLC assets now, that when they sell they are more likely to sell at book value because the value has already been dropped.
Does anyone know if the occupancy rates in the US factor in those shopping centres under development? There are a couple of centres that are being completely redeveloped or green field.
The half yearly updates show some of these developments as moving targets.
What I don't understand is that if we all know about sales of the NZ assets, why have they not publicly tried to promote the sale of the other assets? Surely they could get more for some of these centres if they sold them individually to some local people or developers who understand better the area?
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