Half of mall shops have stopped paying any rent: Retail Property Council

Tue, 05 May 2020

Half of the retailers in some of the country's largest shopping malls paid no rent in April and are unlikely to do so in May either, according to the New Zealand Council of Retail Property. The council represents a who's who of listed and unlisted major retail property owners, including Stride Property, Kiwi Property Group, AMP Capital, Colliers International, Oyster Property, Scentre Group and other owners of more than 100 shopping centres and retail outlets with 5,000 tenants and assets worth more than $10 billion. In a survey intended...

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