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Wellington Retail 3Q 2013

Positive improvements in the economy marred by seismic activity and uncertainty around the Government resulting in hesitant demand. Combined with increasing supply restricting improvements in asset performance...

Supply in the Wellington CBD retail market remained stable over the last six months. This combined with higher vacancy levels has meant demand remained weak as shown by the negative absorption figures for the CBD and Southern CBD markets (-810 sqm and -150 sqm respectively).

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