centro croydon sold $31.5m, page-3

I believe the trick would be not only to reduce debt, but to liquidate the poor yield performing assets that have development requirements upcoming. More so to do it at above book value.

After all in years ahead when the dust has settled we dont want to be left with a random group of poor performing assets that reflect a portfolio that was distressed by debt. Even thought that is where we are.

I would like management to be prudent and pointed in any asset liquidation. I know this is a challenging task, but it will be the key to if Centro mark II is anything better and bigger than Mark I.