Pressure is now on KPT to do the right thing by its tenants - how the hell are its tenants supposed to pay rent when they cannot even access their premises!
Here's Westfield saying that they will be following the Australian protocol - so minimum 50% rent waiver with the rest to be deferred, on a tenant by tenant basis.
https://www.stuff.co.nz/business/120...ealand-tenants
"Scentre Group will immediately adopt the code principles and look to implement similar arrangements in New Zealand for affected small business retailers."
Not often I pay a compliment to Australians but good on Westfield and shame on KPT.
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