Retailers, landlords trade barbs in ‘frank’ conversation about rent
The tension between shopping centre landlords and retail tenants has reached boiling point, with a heated exchange about rising rents threatening to derail a panel on the broader topic of retail expansion last week at Inside Retail Live, a three-day retail festival hosted by IRW’s parent company Octomedia.
After a member of the audience asked panellist John Schroder, CEO of Stockland Group, how he could justify rent increases when retail conditions are so challenging, Schroder pointed to population growth and inflation, which he said balance out annual rent hikes.
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