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Tag: rents

NRAI urges mall owner to waive rents for restaurants till June

Hit by the coronavirus crisis and the nation-wide lockdown, the National Restaurant Association of India (NRAI) has urged landlords in the food and beverage (F&B) or restaurant industry to waive their rents and the common area maintenance charges till June or till the lockdown lasts. In an open letter to the landlords in the food …

NRAI urges mall owner to waive rents for restaurants till JuneRead More

Intu warns of breach in debt commitments as retail rents collapse | Business

Intu Properties, one of Britain’s biggest shopping centre owners, has said it will breach the terms on its debt commitments following a collapse in the rents received from its retail tenants unless it can secure debt waivers from its lenders. The owner of the Trafford Centre in Manchester and Lakeside in Essex said it had …

Intu warns of breach in debt commitments as retail rents collapse | BusinessRead More