Australian Retail Lease Management

23/09/2020

The States have been announcing their extended tenancy protections. Here is NSW:-

20/08/2020

Biting the hand that feeds them?

Westfield has probably finally shredded the last sliver of community capital it has left with this move.

I suspect it will end up in a receivership or in Court. Which means Westfield might lose out again as the leases will be disclaimed as relief from forfeiture probably would drain whatever remaining capital Mosaic had.

The first of many no doubt...

The owner of women's fashion chains Noni B, Millers, Rivers and Katies has been taken by surprise by the swift move to close their doors as the retail rent war heats up.

19/07/2020

'Going to be a bloodbath': Landlords to send small retailers to the wall

Fang Lu says her landlord just doesn't believe her business is under rental stress because of the coronavirus-related downturn — a situation for which many others are bracing.

19/07/2020

As our shopping centres are forced to adapt, they may become more than a place "just to buy things'

Shopping centres have long been a part of Australia's urban culture, but with the threat of online sales and a pandemic-driven dent in consumer sentiment, many are now in a fight for their lives.

19/07/2020

Without extensions, expect shops to start shuttering....

The union movement is demanding the Commonwealth's coronavirus wage subsidy scheme be extended for at least six months, as the nation grapples with a surge in COVID-19 cases in Victoria and clusters in Sydney.

08/07/2020

https://youtu.be/ICsKVzXQ8gk

With diners requiring four square metres each under current regulations in Sydney and Melbourne, and the average rent for restaurants in those cities costing...

07/07/2020

Restaurants and Cafes face mass closures....

https://www.abc.net.au/news/2020-07-08/coronavirus-hit-restaurants-and-cafes-risk-of-closures-industry/12415648

03/07/2020

A "dead cat" bounce at best...

Paul Zahra, CEO of the Australian Retailers Association, said today that the ABS Retail Trade Figures for May confirmed expectations of a spending spike following the easing of restrictions, but warned the figures did not indicate the return to normal trading patterns. Mr Zahra said the ABS figures,...

20/06/2020

https://apple.news/AkWuOIG03REKiyXUyLx-9Ow

Insolvency experts are expecting a flood of businesses to collapse when the Government's stimulus packages end in September.

17/06/2020

https://www.news.com.au/finance/economy/australian-economy/experts-predict-economic-bloodbath-when-jobkeeper-jobseeker-ends/news-story/e9b3294b3889105ec6e5fa2c3b9c0501

This recession just got weirder: Despite hard times, companies are somehow not going broke. Everything is topsy-turvy. But are we just saving up pain for later?

13/06/2020

https://www.abc.net.au/news/2020-06-11/not-enough-liquidators-to-deal-with-covid-related-corporate-col/12343348

The nation's financial system could come under enormous pressure when emergency government support unleashed during the COVID-19 crisis begins to unwind, according to Australia's corporate watchdog.

26/05/2020

Some pundits think the tsunami will hit in November, some say February 2021. Depends on the usage...

GETTING BACK TO BUSINESS With some of Australia's peak COVID-19 pandemic behind us, retailers are starting to open up again and foodservice business are adjusting to the social distancing norms. However, many businesses have rent bills piling up and are yet to deal with their leases.