February 16, 2024
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The macro drivers supporting retail values over the next 3-5 years include:
We expect transaction volumes for retail to maintain 2023 momentum, with seven transactions in Australia totalling $650m currently in our investment pipeline. These potential senior secured loans are geographically spread (2 in QLD, 3 in WA, 1 in VIC and 1 in NSW) and meet our target metrics for specific locations, tenancy mix, high occupancy rate and suitable weighted average lease expiry and average debt to asset value attachment point of less than 65%.