CFX 0.96% $2.10 cfs retail property trust group

News: CFS property value up 1%

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    CFS Retail Property Trust (ASX:CFX) has revalued 19 of 30 assets to see a 1 per cent increase in book value. 
     
    The retail focussed property trust saw a $54.1 million increase in book value with the Queens Plaza shopping centre in Brisbane gaining 11.1 per cent and Chatswood Chase is up 3.8 per cent.
     
    Deputy CEO Michael Gorman says transactional evidence continues to grown with retail assets attracting strong buyer interest. He added that this has driven tighter capitalisation rates for quality retail assets. 
     
    CFS Retail Property made a net profit of $188 million in the first half of the 2014 financial year.
 
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Currently unlisted public company.

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