CRE tenants and landlords clash during second lockdown

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By Tom Brown
09 Nov 2020

European retail landlords are facing up to potential damage of Europe's wave of second lockdowns, with many tenants continuing to ask for full rent relief despite trading for three months at least over the summer, throwing the sector's long term health into doubt.

Over the weekend, UK shopping centre-owner Westfield threatened legal action against several tenants over unpaid rent, including Hugo Boss, Pret A Manger and The Entertainer, according to a report in the Financial Times.

Rent collection in Q3 was only 50% in Europe, according to Kroll Bond Rating ...

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