all the right conditons - wind in the sail

- the current market bullishness both in oz n internationally

- the newly reported improved uk/EU economies, particularly real estate price increases

- the upturn in oz real estate market conditions

all the above conditions augurs well for REITs particularly VPG whose 24c nta per share ( as at 30/06/09) should see substantial revaluation. its DUKE joint venture with the royal bank of scotland should work out substantially in vpg"s favour.