westfield, page-4

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    You would have to add CPI plus 2%/annum which is the annual increase per sqm to get the current rate.

    source:http://westfield.com/corporate/pdf/presentations/2008_FY_RESULT_Shopping_Centre_Operational_Report.pdf


    Specialty Store Rental Rates
    The following table sets forth average base rent on a per square metre basis of Specialty Stores:
    AUSTRALIA NEW ZEALAND
    Average Average %
    Base Rent Base Rent Increase1
    As of 31 December
    2008 ....................................................................................... A$1,337 NZ$1,057 6.3%
    2007 ....................................................................................... A$1,249 NZ$1,041 4.7%
    2006 ....................................................................................... A$1,203 NZ$1,002 5.4%
    1 Comparable growth for the Australian & New Zealand regions.
 
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