Hi Adds,I would imagine that a progress asset sales report will...

Hi Adds,

I would imagine that a progress asset sales report will be due out with the Annual Report.

I guess it is a fine line between keeping us informed about the progress of asset sales, including discount to BV being offered, and dropping their pants and letting all prospective buyers know what discount they could expect.

Generally speaking though, property prices in NZ and Oz appear to be holding up a lot better than bears expected and this will be especially so in the small end of the market where AEU is placed (+/- $1 mill). Also, banks are lending money to good quality borrowers... thus sales should continue to progress.

I'm not stressed and as you say rent still being paid for ABC1, ABC2 and ABC NZ. New tennants will be paying rent on those non-ABC, re-tennanted sites.

In addition, demographics continue to support AEU's tenants in years ahead... lots of babies being born in Oz and NZ to fill the centres for years to come...

Cheers
John