2008-03-30news.com.au

'Earlier this month, The Australian reported that more than $5 billion of commercial property was on the sales block. That was the "tip of the iceberg", according to one senior industry figure. Further distressed assets similar to those of Centro, MFS and City Pacific could flow on to the market while Australia's $80billion listed property trust sector is also likely to sell holdings to reduce debt.'



Comments: Be the first to add a comment

add a comment | go to forum thread