More and more stores in their centres are 'pop-ups' and on a monthly basis lease agreement. The shops look fairly professional as the existing fit-out and furniture is being used. BUT for an updated Valuation (Banks demand) this will have a huge impact. If value used to be rental income x 15, with monthly contracts that is different.
Stores like MYER and DJ are basically broke, kept alive with JobKeeper. Imagine if they would leave the Westfield centres and start trading from a Warehouse / Online only.
$2.50 party, page-29
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