not sure if this info has been posted yet, my apol if so
Foreigners see value in Australia
Sydney Morning Herald, October 31, 2009 Carolyn Cummins.
OVERSEAS investors continue to inspect potential direct property purchases despite the high Australian dollar. And there are rich pickings, with more than $15 billion of prime office and retail sites still up for sale.
Although some assets have been withdrawn and others are being bundled into new trusts for possible flotation, the overseas players are still keen to buy.
It is understood a delegation of Chinese investors is already in Australia and delegates from Germany, the Middle East and Norway are expected in coming weeks.
Although the sale of the $700 million Aurora Place is under way, trophy assets such as this are catching attention overseas.
For example, Valad's Top Ryde shopping centre, which is under construction at North Ryde, is said to be of interest to a Canadian pension fund and the large Asian arm of LaSalle Investments.
LaSalle is no stranger to Australia; it has a significant partnership in Westfield's newly refurbished Doncaster Shoppingtown in Melbourne's north.
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