ASX snaps losing streak; Woodside, Oil Search rally
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Nick Lenaghan
Shopping centre landlords face increasing pressure from tenants to adopt turnover-style rent agreements as the switch to online shopping accelerates, according to an S&P Global Ratings report.
At the same time, major mall owners – who range from listed players such as Westfield operator Scentre and Vicinity Centres to unlisted owners including investment platforms QIC and ISPT – are grappling with the prospect of softer demand for space as retailer defaults increase and large international brands reduce their footprints.
The rent war that broke out last year as retailers shut down during the height of the pandemic triggered a broader debate over whether leases could be better adjusted to accommodate modern shopping habits as consumers turn increasingly online.
State-owned China State Construction Engineering Corporation has withdrawn its offer to buy Probuild
The sale was expected to be blocked by Australian Treasurer Josh Frydenberg and the Foreign Investment Review Board (FIRB) due to national security concerns
Daily Monitor
Thursday December 31 2020
President Museveni (left) is shown the road plan by Works minister Katumba Wamala (second right) during the launch of the construction of Busabala Road in Wakiso District yesterday. photo/KELVIN ATUHAIRE
Summary
The President also said he will soon hand over the management of the lakes back to the fishermen since the fish stocks have increased.
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He said this would be done after the government returns management of the lakes to the fishermen.
The President, who is also the National Resistance Movement (NRM) party presidential candidate, was speaking at Busabala Primary School in Wakiso District yesterday after flagging off the construction of the 11km Busabala Road.
2011-2020: Egypt - A construction bonanza - Egypt - Al-Ahram Weekly ahram.org.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ahram.org.eg Daily Mail and Mail on Sunday newspapers.