Business
Retail property stocks caught in lockdown – The Australian Financial Review
Not until late November will all retail be allowed to open again in Melbourne in a blow to major shopping mall owners.
Retail landlords Vicinity Centres and GPT Group, which have a larger component of their portfolio in Victoria, will be on the hook longer for rent relief provisions because of the state’s extended lockdown.
A JPMorgan analysis of retail property stocks that are more exposed to Victoria noted that Vicinity, which co-owns the country’s largest mall, Chadstone, with property magnate John Gandel, has 52 per cent of its portfolio in Victoria. GPT, a fund manager with a diversified portfolio, has 38 …
-
General20 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General12 hours agoICAC investigating University of Wollongong as chancellor grilled at Inquiry
-
Noosa News22 hours agoBrisbane councillor Trina Massey ordered to apologise and repay funds over Israel-Palestine article
-
General19 hours agoWarner Bros Discovery board rejects rival $163bn bid from Paramount