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Landlords re-lease as department stores downsize


Landlords re-lease as department stores downsize
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Shopping centre landlords and retailers are undertaking further restructuring in malls to adapt to new shopping habits and how consumers use malls in the post-pandemic era.
While tenants such as department stores have shrunk stores over recent years, there has been a fresh wave of activity to future-proof malls by landlords, allocating space to new tenancies by downsizing areas where space is no longer required.
One consideration for landlords is that department stores take an average 20 plus 20-year lease in a mall and can negotiate lower average leases. Smaller stores have shorter leases and are charged higher rents, which make them more attractive for owners. ....

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Welfare advocates fear the government's JobSeeker 'dob-in' line will cause 'distrust and division'


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Welfare advocates have criticised the government s new JobSeeker dob-in hotline, saying it could lead to vulnerable staff being bullied by employers. 
The government announced on Tuesday the introduction of a phone line that will allow employers to report JobSeeker recipients who turn down offers for work.
Greens Senator Rachel Siewert said the move was, “an abuse of power that will hurt the most vulnerable in our community”.
Senator Siewert said she feared a culture of bullying could be created if employers were given the power to report JobSeeker recipients to the government.
“The job provider system is already rife with bullying (and) harassment of people being ignored or treated very poorly by their job providers and now the government is empowering employers with the means to intimidate and bully job seekers,” she said.  ....

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