This is fantastic news
I would assume though that the lows would of been around june 2010.
If commercial property has increased by 38 percent and CER and their auditors were evaluate their properties in line with the rest of the industry, You can expect a very very big increase in NTA and a big drop in their LVR ratio.
Not only that but CER would get extra servings from equity gained back from cnp with their negative equity in superllc.
