thanks mate.my thoughts on retail. I think retail shopping...

thanks mate.

my thoughts on retail. I think retail shopping centres (westfields) etc are going to be fine. the average shop revenue per year for westfileld is $1.7m- that's a decent business. their occupancy is 99% and has been for a very long time. one shop goes away-another one enters- big brands have physical shops not only to make money-but if it makes a loss- its a brand exposure positive....People are not travelling, thats an extra $5-15k per person per year available for retail spending. Human nature is to go outside an interact in the world- that is why people consumer to 'experience' life. that is always going to exist. people going to a shop. people going for a coffee. people going out to dinner. its the human condition. it will always exist on a decent level I believe.


BACK to lendlease- I think their pipeline revenue is a big positive- and most of it is in their production business- I'm more worried about the ability to sell apartments at a good price due to value of property maybe declining in future years? if they cant seel apartments for a large value per apartment- how will this affect revenue?