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Vol 13. No.97

Economic Overview

	Current	+/-	Movement
$AUS/$US	98.76	+0.01
Cash Rate	3.75	Steady
90 Day Bill	3.53	Steady
10 Year Bond	3.148	-0.034
ASX 200	4114.4	+46.4

New South Wales

• Centro are looking to sell half stakes in their Centro Roselands and Centro Bankstown shopping centres for $450 million following Perron’s acquisition in half stakes of three of its regional shopping centres for $690.4 million.
• The 85,738m² Centro Bankstown shopping centre has a book value of $557 million and comprises a department store, three discount department stores, two supermarkets and 333 speciality stores.
• The 61,471m² Centro Roselands shopping centre is fully enclosed, comprises a department store, discount department store, two supermarkets and 163 speciality stores and has a book value of $329 million.

Victoria

• An 18 storey, 20,000m² office tower at 501 Swanston Street, Melbourne has been sold at auction for $60 million ($3,000/m²).

Queensland

• The Queensland government has signalled its intention to reduce its ownership of assets in Brisbane’s CBD from 420,000m² to 320,000m² over the next five years.
• The potential future sale of assets at 1 William Street, 80, 100 and 102 George Street would make way for a mixed use development precinct comprising retail, commercial, residential and tourist facility components.