Forum Archive Index - December 1999

["Adam Rands" <adam@mail.iguana.co.nz>]

interesting comments sara

i do think the net will have some impact on traditional malls

i was reading somewhere (maybe slashdot or wired) that a mall in the states
is refusing to lease shops to companies that have any sort of online
presence..

strange but true.



-----Original Message-----
From: Sarah Corkill <Sarah.Corkill@directbroking.co.nz>
To: 'sharechat@sharechat.co.nz' <sharechat@sharechat.co.nz>
Date: Thursday, December 02, 1999 12:13 PM
Subject: RE: [sharechat] St Lukes


>Hi Graeme,
>
>I had a long conversation with the MD of STL when they had their Capital
>Notes road show. He believes STL is a retail company as some of their
>rentals are linked to store turnover eg STL gets a cut of turnover.  Not
>sure I agree - most shareholders see the company as a property company.
>Although if you view the company in this light, retail should pick up under
>our new Labour/Alliance govt and this could reflect positively on STL.
>
>Investing in Westfield is diversifying beyond the NZ market.
>Diversification is always a good idea as you know.
>
>As mentioned in some of the other emails I have received today other malls
>and competion is always looming.  The internet via online shopping is also
>competition for all STL retailers.  Only time will tell what will happen if
>any of the proposed mall sites do come to fruition and what sort of tenants
>they attract.
>
>No ideas on WAM at present - will do some digging.
>
>Regards,
>
>Sarah Corkill
>Direct Broking
>
>
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