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Downturn down under as refinancing crisis hits troubled property trusts

By: Language: English Series: Asia Property ; December 2008, 8-9(2)Publication details: 2008Subject(s): Summary: Reports that Australia's economy may be on course to avoid recession, but its property sector is suffering, as REITs try to sell assets or raise capital to tackle a debt mountain. However, cautions that Australia may yet go into recession and that the sector is in for a long road to recovery. Tables.

Reports that Australia's economy may be on course to avoid recession, but its property sector is suffering, as REITs try to sell assets or raise capital to tackle a debt mountain. However, cautions that Australia may yet go into recession and that the sector is in for a long road to recovery. Tables.