This is a lose lose situation for everyone, things like this better work out behind close doors
making this statement this is a risky move for premier
Let imagine he carry through and not pay rent, legally he can't do this so let assume the landlord carry through with store locked out and eviction
so they put a lock on all of his stores and siege all asset in stores until his contract is paid out.
and let assume both now hate each other so much they don't give a shit who going to lose more?
PVM will be in serious trouble, he got no store, and landlord like vicinity and Westfield control the most profitable shopping stripped in Australia
and decided PMV is a bad tenant and we won't rent them any more space.
the cost to the landlord maybe 1% or less of their tenant, the cost to PMV is their whole business.
What I know about negotiation tactics, the landlord has the upper hand and upper hand don't give in, they played hardball until you caved
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