Phase 1 (Shoreline) of the Cockburn Redevelopment area looks to have sold some land to developers. Lot 205 (
http://www.landcorp.com.au/Residential/Shoreline/Land-For-Sale/) was advertised for $2.6 million which implies $904 per sqm.
This would imply that the Howe Leather site at 10 Bennett Avenue is worth at least $15.8 million, higher than management's $11.3 million.
Have developers started marketing the off the plan units at Shoreline?
I wrote up a short investment thesis on Schaffer (http://chasingvalue.com.au/?p=222). Any comments or differing views much appreciated.
Phase 1 (Shoreline) of the Cockburn Redevelopment area looks to...
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$21.45 |
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Mkt cap ! $291.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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|---|---|---|
| $21.89 | 592 | 1 |
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