haka............trust me.... there is little thing going on in the world at the moment...Its called a Global Recession, but dont believe me, in the first instance just google "office markets us 2009." you will see comments like:
"the US urban land institute predicts 2009 will be the worst year for commercial real estate since the wrenching 91-92 industry depression".
Secondly, to get an idea what is happening here, ring CBRE on monday moring and tell them you want o lease 500 to 1,000 sqm of Sydney CBD office space.
Let me know how many proposal you get, how much rent free you are offered etc.
Valad do generally co invest its balance sheet into its managed funds, up to 10% of fund equity in some cases.
Why do you think that a lot of AUS property will be ok?Why will we not be affected?
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