We believe the higher premium accorded strip center REITs continues to be warranted by long-term opportunities for consolidation in a highly fragmented sector, the strong interest of institutional investors in joint venture arrangements, and well-established relationships with retailers that should help sustain the size of development pipelines at multiple points in the property market cycle.
The Nelson City Council plans to hire property valuation adelaide rezone a strip of land along the Railway Reserve to protect adjacent homeowners from their industrial neighbors. This means businesses setting up on that side of the reserve can build closer to the fence line than industry setting up directly next to a residential zone.
After receiving complaints from homeowners of Sterling Way on the other side of the reserve, the council’s environment committee decided on Tuesday to rezone the strip of land residential, giving the residents greater protection. Thetis Holdings director Robert Stevenson announced plans for a five-story office and retail development in the middle of last year.