'At least three centres -- Galleria and Mandurah in Western Australia, with book values of $585 million and $233.7 million respectively at June 30, and the $413.8 million Glen shopping centre in Melbourne -- were no longer for sale, a source said.'..
If true, I'd say this is really good since it shows Centro are keen to hang on to the more valuable assets or at least get much more than the mickey mouse offers that would have be thrown around by the vultures.
'At least three centres -- Galleria and Mandurah in Western Australia, with book values of $585 million and $233.7 million respectively at June 30, and the $413.8 million Glen shopping centre in Melbourne -- were no longer for sale, a source said.
Across the portfolio, Centro was also holding out for yields no more than one-quarter to half a per cent below book value, which would take the average capitalisation rate to 6.25-6.5 per cent, the executive said. '
The source said and the executive said..
hmmm. so the source seems to be the executive..
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
