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Leasing

Retailers cough up $183 million in rent for Scentre Group
Scentre Group raked in more rent from retailers last month. Image: Unsplash.

Retailers cough up $183 million in rent for Scentre Group

Scentre Group has collected $183 million in rent payments for the month of August, as more customers return to shopping centres.   After a major dip in rent payments during the months of April and...
Scentre Group targets Premier Retail for next wave of shutdowns
City Chic to shutter 14 stores on rent negotiations
Scentre Group won’t budge on lease agreements
Radio Rentals shutting stores permanently as COVID-19 takes its toll

Leasing Archives

Woman browsing clothes store

Retailers cough up $183 million in rent for Scentre Group

After a major dip in rent payments during the months of April and May, the shopping centre company has benefited from th...

Scentre Group targets Premier Retail for next wave of shutdowns

Move comes after Scentre Group boss Peter Allen doubled down on fixed rents moving forward.

Scentre Group won’t budge on lease agreements

Property group firm on fixed rents moving forward.
Leasing

Inside the battle between Westfield and retailers

Major retailers across the country have had their doors shut tight by a landlord that seems to have grown weary of talk.

Westfield locks out retailers over rent disputes

Over 150 Mosaic Brands and Strandbags stores have been shut in Westfield centres across the country.
Image of Bourke Street Mall

David Jones parent flags asset impairments across group

Trading conditions have continued to struggle for Woolworths Holdings.

Shopping Centre Council warns landlords can’t keep supporting rent

$1.6 billion in rent assistance has been handed out, but landlords can't afford much more.

Retailers can collectively negotiate leases until September 2021

ARA and NRA welcome decision by the competition watchdog.
Leasing

Federal Court ruling casts doubt over rent relief

Businesses entering insolvency could be required to pay back all rents owed as a priority.
Internal Queen Victoria Building

ACCC rules retailers can collectively bargain for rent relief

ACCC grants NRA and ARA members the ability to share information for rent negotiations.
City Chic Fountain Gate store

City Chic to shutter 14 stores on rent negotiations

Ninety-two stores will remain open with reduced rents, City Chic says.

Retailers can collectively bargain for rent relief: ACCC

Authorisation should allow more retailers to receive support.
Closed sign due to COVID-19

Radio Rentals shutting stores permanently as COVID-19 takes its toll

Approximately 300 staff members are being made redundant.

Colette judgement opens door for more retail rent freezes

Decision could be ‘disastrous’ for landlords, and reflects the ‘extraordinary’ position retail finds itself in.

PM announces commercial rent relief, but leaves big business out

Proposed relief made up of one part rent waiver, one part rent deferral.

Watchdog allows shopping centres to implement rent relief

Decision allows shopping centres to defer, waive or reduce payments and interest.

“This is about working together”: Retail associations, shopping centres propose leasing code of conduct

Code lays out various options for rent relief, does not lease terminations by tenants.

Federal government urges landlords and retailers to “work it out”

Prime Minister says there is no rule book for current situation, and urges cooperation.

Pressure on landlords mounts as retailers scale down operations

As retailers down-size operations, can landlords be expected to pick up the slack?

Pitt Street rent growth outpaces global rivals

Pitt Street Mall saw a 17.9 per cent average rent increase over last year.