Actually, in order to get GPT to buy the thing, they had to...

Actually, in order to get GPT to buy the thing, they had to provide rental guarantees for the next 5 years.

Looks like most of the profit on sale will need to be set aside in a provision account (just in case).

Wonder if this is how ALZ will fund all of their deals, now that the MBS market has shut down?

[RBA had to provide an extra $1.5bn in liqudity this morning, but all is well in Australia. Sub-prime can't hurt us - this ain't America, sonny. Ain't that right, Gobbo?]

ALZ buyers today have NFI what they're getting into.