October 30, 2020
Consumer staple retail and the opportunities within
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- Valuable insight about the commercial real estate market has been provided by the recent quarterly reporting cycle and ongoing AGM season for the listed real estate sector. Much of this information about the environment within various sub-sectors of the market is consistent with our own experience and supports our current investment strategy and focus.
- Looking specifically at the commentary related to retail assets, Mirvac (MGR) pointed to better performance from those centres supported by locals due to reduced consumer mobility. They noted strong evidence that where there is confidence the virus is contained; shoppers do return to centres in increasing numbers. Leasing activity has been solid in centres where operating conditions have stabilised and deal structures are comparable to those negotiated pre-pandemic.
