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

First residential housing fast-track consent granted
Policy

First residential housing fast-track consent granted

The Maitahi Village project in Nelson will supply about 374 residential units.

Developer Profico Group in liquidation
Property

Developer Profico Group in liquidation

Profico Group developed in both Christchurch and Auckland.

Du Val accountant censured and fined
Property

Du Val accountant censured and fined

Nicola Adam acted on instruction from Kenyon Clarke and minority shareholders.

Maria Slade 17 Sep 2025
Most Du Val investors unlikely to get anything
Property

Most Du Val investors unlikely to get anything

The statutory manager has released its latest report into the failed property group.

Maria Slade 16 Sep 2025