CNP cnpr group
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lateline business

  1. buffett
    3,309 Posts.
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    17/09/08
    09:37
    Post #: 4274790
    Interview with senior Commercial real estate person last night on Lateline Business (refer webcast for full interview).
    Basically he said there has been a movement in capitalization rates of between .75 & 1.5%. With prices dropping between 15-20%. London has been hit but some buyers now looking.
    He seemed to highlight the problem as being a big gap between what buyers are willing to pay & vendors offer prices.
    Also pointed out credit crisis is stopping large deals from happening at present.
    Regards
    Buffett
    CNP Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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