Monday March 30, 2020

Investors face shopping centre losses

Property investors stand to lose millions from the possible collapse of at least five provincial shopping centres, with large numbers of tenants unable to meet their rents and service charges, according to informed property sources.

21st March, 2009

Property investors stand to lose millions from the possible collapse of at least five provincial shopping centres, with large numbers of tenants unable to meet their rents and service charges, according to informed property sources.

The five shopping centres opened for business in the latter years of the boom, when tenants agreed rents which many of them can no longer afford due to the sharp downturn in retail sales.

The Central Statistics Office disclosed this...

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