re i have spoken with HPI last week and the above was what their current thinking is - that QVC (Coles/KKR) have no force majeure / virus clause, and in the case of the smaller tenants 5-10% they will likely apply rent relief as they dont want them to go bust as they cant be replaced.
Of course, if it lasts very long time longer than a few months, i imagine HPI will also give QVC some rent relief beyond that, as well as they aren't trading. is the ASX assuming longer than a few months, it seems so?
Goner, page-5
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