Vol 13. No.89

Friday 18 May 2012

Economic Overview


 Current +/- Movement
$AUS/$US 99.46 +0.55
Cash Rate 3.75 Steady   
90 Day Bill 3.73 -0.03
10 Year Bond 3.253 +0.02
ASX 200 4157.4 -8.1

National

Half Stakes in Centro Shopping Centres Sold (AFR Pg.46)
  • Perron Group have acquired a half share in three regional shopping centres from Centro for $690.4 million, a reported 3.7% premium to the centres’ book value.
  • The three centres are The Glen in Victoria, The Colonnades in South Australia and The Galleria in Western Australia.
  • The sale represents the largest agency negotiated transaction in any sector since the onset of the GFC.

Sources: As above
Disclaimer: All representations and information contained herein are made in good faith. The Information in this report contains material from other sources. Landsburys Property Pty Ltd has not checked those sources and accepts no responsibility for the accuracy for that information. The information contained in this communication is strictly confidential and intended solely for the use of the recipient/s. If you are not the intended recipient of this information, please delete and notify Landsburys Property Pty Ltd. Intended recipients should not copy or distribute this material without the authority of Landsburys Property Pty Ltd.

Previous Daily Wrap's

 

Research & Advisory

  • Market Demand Studies
  • Highest & Best Use Studies
  • Development Feasibilities
  • Tender Support
  • Product Analysis
  • Distressed Property Evaluations
  • Valuation Evidence Packs
  • Demographic Studies

Valuations

  • First Mortgage Valuations
  • GST Valuations
  • Unit Entitlements
  • Acquisitions
  • Land Tax & Rating
  • Evidence of Value
  • Internal Reporting
  • Stamp Duty