plus the lead time in developing a new centre is considerable given delays in town planning, building approvals and possible skilled labour shortages, all contributing to increased final cost.
You can bet that the punters have run their calulators over a green field site development vs purchasing an existing centre with established cash flows etc.
Would not be surprised to see a premium on some of the Centro sales
OW
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held