The Centro leasing team is doing a good job in the US and the...

The Centro leasing team is doing a good job in the US and the quarterly report reflected this. We should not underestimate the magnitude of the problem stateside but despite this, they are holding up well. GR said at the YE results that he expects a 0.5% (50bp) softening. As space is returned to Centro, the leasing team are the key to getting this re-let. Remember too that existing contracts have rental increases built in.

Yes, I will be at both AGMs. We are heading off for the long journey to Melbourne this morning. See you all there, it will be interesting.