Only a third of retailers continue to pay rent

Only a third of retailers continue to pay rent
Brent Melville
Commercial rent payments are falling “well behind” average collection times and are at about half of normal payment cycles, said commercial property management company Re-Leased.Tardy payments are especially pronounced across the hard hit retail sector, where only about a third of tenants are paying while under covid-19 restrictions, and negotiated discounts are “significantly” higher than normal, the company said.The cloud-based commercial property management platform, which manages 70,000 properties worldwide and has about 250 commercial prop...

More Property

On the hunt for Du Val founders’ ‘missing’ jewellery
Property

On the hunt for Du Val founders’ ‘missing’ jewellery

Du Val's founders have been ordered to hand more jewellery items to receivers.

Surging house prices a thing of the past
Property

Maria Slade: Surging house prices a thing of the past

When the recovery finally comes, it will be a return to something approaching normal.

Maria Slade 10 Feb 2025
Banks clear backlog after ‘unacceptable’ December delays
Finance

Banks clear backlog after ‘unacceptable’ December delays

Borrowers faced delays of up to five weeks at the end of last year.

Cécile Meier 10 Feb 2025
Kāinga Ora cuts staff, trims build costs
Policy

Kāinga Ora cuts staff, trims build costs

The agency will sell older homes in wealthier suburbs as part of turnaround plan.

Oliver Lewis 04 Feb 2025