Quote Originally Posted by Ggcc View Post
Yes their letter was worded wrong. Heartless is some way. I will not invest in Kiwi Property from that letter to tenants alone.

My statement was that 2/3 of all tenants in nz not paying rent part. Rent reprieve is not a given.

If I was a shareholder I would not worried if the company negotiated a better outcome.
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.