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  1. K

    Commercial Property

    As a postscript I did not put one dollar ($1) into the Bank deal. For finance - It's all in the structuring For the purchase itself - It's all in the choosing. I paid $10,000 too much at auction. But I bought Prime Real Estate. The footprint is A1. At some later time I will...
  2. K

    Commercial Property

    Hi Piffin When I bought the Bank the expected rental return in strip shopping centres was unnaturally high - in the Outer East, up around 14%, which really reflected the depressed capital values. In fact, at the next rate valuation (each 2 years) the value was decreased and the council...
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