Wednesday, 25 January 2012

Parramatta. Banking job losses

Job losses in the Australia banking sector are likely to stymie the growth prospects of listed office landlords in the coming years, UBS analysts predict. The Commonwealth Property Office Fund is the most exposed to bank job losses, with 10.4 per cent of its portfolio leased to the Commonswealth Bank of Australia, and leases expiring in Melbourne and Parramatta in 2014 and 2015, according to The Australian Financial Review.



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