Business
Retailers still prepared to commit to long leases: SCA – The Australian Financial Review
SCA boss Anthony Mellowes says there has ‘not been much pushback’ from tenants to signing five-year leases with fixed annual increases.
The first of the major listed mall landlords to report its full-year results for 2020, SCA, which owns $3.1 billion of neighbourhood and sub-regional centres, booked a $22.7 million rental income hit during the COVID-19 period due to waivers, deferrals and unpaid rent.
Anthony Mellowes: We’ll meet the market on rent. Dom Lorrimer
However, its results also highlighted the more resilient nature of non-discretionary retail assets with its Coles and Woolworths anchor tenants more than doubling sal…
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