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This week in retail property news

Mirvac retail declines 10 per cent The value of the retail property portfolio of Mirvac Group has dropped 9.9 per cent, or $349 million, in fiscal 2020, hit by the effects of the coronavirus pandemic. Retail is the group’s second-largest property asset class. “COVID-19 has transformed the world in the space of a few short months,” Mirvac CEO and managing director Susan Lloyd-Hurwitz said in an ASX statement. “No sector has been untouched by the health and economic crises that have develo