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I haven't seen the figures on the cap rate yet but i would be expecting high 8%

Even today's financial review shows westfield taking a 6% hit on new merchants. Only Charter Hall was showing any growth on incoming retailer rents.

Likewise near me, they bought out 3 of the other chemists leaving only 2 independents.

Online retail is a threat however we are talking a few % points of total sales - a real threat if margins are that thin. Of Oz retail was competitive there wouldn't be an issue. Bang on your wholesaler's door.

There's nothing in it for me unless you want me to do the DD ;) All of the retailers that I have spoken to are bleeding (and from hearsay most of the franchisees are bleeding as well). Woollies is turning a good quid and it hasn't pulled too much off West Ryde Marketplace's turnover. You can...

I'd be putting a high cap on it because the centre needs a remix, badly planned (food court has a massive disconnect with the entertainment precinct), has a lot of competition (Chatswood Chase/Westfield + Macquarie Centre {AMP/Westfield JV}, Rhodes, Burwood Westfield), the centre is still in its...

About the same as the number of punters who go through the centre annually.

I received my copy of the Top Ryde News Letter earlier this evening. Jones Lang Lasalle have been appointed as the selling agent for this shopping centre. Dazz, do you want another retail centre anchored by a Myer, Big W, Woollies, Aldi, Franklins, Dan Murphys and several other national...