Redefine to provided additional 46 mln rand in rent
discounts Redefine now poised for expansion after disposals
JOHANNESBURG, Feb 22 (Reuters) - Two of South Africa s prime
commercial property owners will extend rental relief to
struggling tenants this year, in a sign the impact of COVID-19
is far from over for hard-hit real estate firms although they
see the tide turning at the end of 2021.
Liberty Two Degrees (L2D) and Redefine Properties
- owners of some prominent commercial real estate in
Johannesburg and Cape Town - said they would have to provide
rental relief for longer.
South African commercial real estate sector - with its
Mall operators will continue to provide rental relief in 2021 Reuters > By Reuters - 23 February 2021 - 07:10 The Eastgate Shopping Mall in Bedfordview. The SA commercial real estate sector - with its collection of high-rise office spaces and huge shopping malls - has been among the country s worst hit, along with travel and tourism. Image: Facebook / Eastgate Shopping Centre
Two of SA s prime commercial property owners will extend rental relief to struggling tenants this year, in a sign the impact of Covid-19 is far from over for hard-hit real estate firms although they see the tide turning at the end of 2021.
Liberty Two Degrees (L2D) and Redefine Properties - owners of some prominent commercial real estate in Johannesburg and Cape Town - said they would have to provide rental relief for longer.