Now that Westfield have announced $1B of new activity next year, which puts them back to where they were before the GFC, and they are at 97% occupancy, and they are getting back into the USA, this augers well for CNP. CNP also announced that their losses this year will be much lower than expected...Does anyone have a rational way of valuing CNP at the moment? when is their next tranche of debt due to be refinanced? Are they still paying the merchant banks a fee to give them strategic advice? I think the Lowy's should give CNP the best comfort of all!
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