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Malls mauled: Aussie retail REITs hit by US woes

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Heading west just out of the Sydney CBD is Broadway shopping centre, Australia's most productive mall. Owned by diversified property trust Mirvac, it turns over $14,447 per square metre of space on an annual basis.

On a good day at Broadway, there's a bustle of activity amid the aroma of fresh coffee, and a bubble of happy chatter blends in with the clatter of filling tills.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/business/retail/malls-mauled-aussie-retail-reits-hit-by-us-woes-20170323-gv51d5