The priced GR sold NPR was not highly inflated - it was what the market was prepared to pay at the time.
"There were HIGHLY INFLATED market prices and yes someone of GR's stature (and most people with a long term mortgage) would have known that!!! Prices were inflated and Centro bought into that hugely - stupidly!!"
You are suggesting GR had a cunning plan knowing the GFC was going to happen
"Anyone that had bought property and seen it double in 5 years could see that it was a bubble"
and then he could then take over as CEO
"anyone could have take over Centro, it was so dire"
The guy pulled the rabbit, pony, elephant and even a whale out of the hat to keep Centro away from admin - simple as that.
"Pay Day - Bring it On!)"
CNP Price at posting:
8.2¢ Sentiment: None Disclosure: Held