You would have to add CPI plus 2%/annum which is the annual...

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.