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HVN doesn't own the stores. Most listed retailers and banks have divested their properties in an LPT like structure (eg Bunnings warehouse property trust). McD's is in the very minority of large companies that still own their stores. Gerry controls the empire by handing out to the franchisees...

"Dazzling has recently left the forum..." Along with Quiggles, who may have blown himself up investing in the US which is still imploding as we type. "...regarding his commercial property successes." Over how long ?? 5 years during a massive boom hardly is a long term track record...

I would concurr with nonrecourse. We bought industrial land in 2001, and built warehouse on it. The land value has appreciated over 100%. Basic industrial property in sydney is insanely priced. We were looking to expand earlier this year but instead rented the extra space needed and wait for...