property ownership, page-22

Hatch I think Cajx would be another one to ask this question, and by the sounds of it Kiril may have an opinon.

Few questions;
Are you talking about the Uk properties or the Aus?
Are you just talking about the balance sheet holdings?

I think in the UK you could see any where between 25-50% however I think VPG has taken more pain than other REITS within their valuations so the discount may be only 25%. Its really difficult to say as it hasnt really been seen until this point. People are just managing to hold in there. Even with LTV of 100+%.

Australian property may be at less of a firesale discount. 15-30%, but again its really hard to say and depends on whom has money and how much.

You may even find that VPG's vulture fund would be interested in some of the UK assets? I think they have money.
As Cajx has mentioned there is still quite a weight of money looking to pick the bottom of the market.

Also there would potentially be some value (all though how much I dont know) in the funds management business.

Sorry I couldnt be of more help but there are too many unknown variables out there at the moment.

If only you were a property company with money you would be in the box seat to set yourself up for the next upward movement in the cycle.