Construction Cost PressureHigher material and labour costs can increase project expenses, compress development returns and pressure distribution potential.
Macroeconomic Downturn RiskAn economic downturn could weaken occupier demand across office and retail, reducing rental income and straining cash flows.
Prolonged Recovery And Weak SentimentA prolonged market recovery and weak investor sentiment may delay leasing and capital recycling plans, slowing distribution and growth initiatives.