Mall values at risk as rents fall
The country’s biggest shopping centres are suffering sharp falls in values, amid predictions rents paid by retailers could fall 20pc.
The country’s biggest shopping centres are suffering sharp falls in values, amid predictions rents paid by retailers could fall 20pc.
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The retail landlord could not give guidance due to ongoing uncertainty about centres in Victoria and the push to extend the leasing code to help tenants.
The owner of some of Australia’s top shopping destinations has incurred a massive financial blow due to the economic downturn caused by coronavirus.
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