SEO Version
FORTERRA
ANNUAL REPORT 2013
COMMERCIAL
REAL ESTATE PORTFOLIO
24
The Place Phase 3
Construct ion work is wel l
underway with structure topping
out successfully completed on
16 January 2014.
LEASING PROGRESS
The Place Phase 1 retail pre-
commitment remained in excess
of 50.0%, of which written
confirmation of interest, including
leases under detailed negotiation
was approximately 42.1% as at
31 December 2013 and the balance
represented work in progress.
There are a number of transactions
currently being pursued which are
expected to advance the pre-
leasing commitment well beyond
its current level during 1st half of
2014.
The Trust remains focused on
a successful completion of The
Place to an international standard
and the substantial improvement
in every financial metric for the
business that this will deliver.
Computer Generated Image
Computer Generated Image
Powered by FlippingBook Publisher