03.08.2011 - Retail's confidence builder
In partnership with Singapore sovereign wealth fund GIC, Colonial First State has started construction of Emporium Melbourne, the department centre that will replace the old Myer Lonsdale Street store. ''We have long-term confidence in retail, which is a very cyclical business. Colonial and GIC are both long-term investors in real estate,'' said Colonial First State managing director of property Darren Steinberg..............................................Full Article: Source
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