Business
ASX up 1% and near post-pandemic high; Banks, Telstra surge – The Age
The ASX200 rose 1% at Tuesday’s open, and was a whisker away from 6200 and its highest intraday peak since the rout of the market in February and March.
But the concentration of Centuria Offices portfolio in suburban locations, plus a tenant mix skewed to government, listed or multinational companies, has helped it ride out the pandemic.
During the three months to June, the fund provided $2.4 million in relief to tenants, a figure that halved over the following three months to September, to around $1 million.
The $1 billion listed fund reported a slight dip in occupancy, to 96 per cent, across its multiple office towers, a result it attributed…
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