If a tenant signs a new lease with the shopping centre they usually get a 'contribution'. That contribution is normally used to partially cover the fitout costs of the tenancy.
The amount of contribution is usually a matrix of rent/popularity of the site. Contributions can be anywhere from 6months rent to 2 years.
Think of it like a cash back.
Good to reduce capital expenditure for the tenant, but nothing is for nothing, usually used to shopping centres to support higher rents.
Shopping centres like this as the contribution is not included in their property valuations, but rents are.
But the catch is can the tenancy support the rental and make a profit.
If a tenant signs a new lease with the shopping centre they...
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