REIT Financial News - 23 JUL 2010 FCT commences $72 million upgrade of Causeway Point

Causeway Point commences $72 million upgrade. See press release. 

Key Points

• Refreshed mall to feature new retail offers and pro-family features.
• The AEI programme is expected to span 30 months, and net property income is targeted to increase by 22% to $51.5 million. 
• The capital expenditure is estimated at $72 million, which delivers a return on investment of 13% based on the incremental net property income.