louis-they are uniquely positioned as developers,more a financial institution than just a company,when you see how they redevelop sites extracting value from every sq.metre,i watched them redevelop a forlorn old arcade in my city,breathtaking acheivement even after development costs,which were probably 5 times the purchase cost,so their assets are income driven plus cpi,thats a lot of protection,
and if it didnt work on paper they wouldnt proceed.
they have always had partners,even given the current crisis
they will survive.uniquely positioned,profit driven.
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