When the Lowys sell, the rest of us had better pay attention
A MOVE by the savvy Lowy family to dump its entire stake in Westfield Retail Trust raises questions about the future of the Australian retail market.
The Lowys made a fortune correctly picking retail trends.
The pros and cons of sub-leasing
What is a sub-lease?
A retail lease is a contract between the retailer and the landlord that specifies premises, their size, the amount of rent payable and a host of other items such as term (length of time), annual increases and many other clauses that relate to the day to day obligations and responsibilities for the premises. It is a contract.Read more...
Rentwise Report to Ease Stress
Leasewise has launched its new Rent Wise report through its web site at www.leasewise.net.au
In this ever challenging retail environment information and preparation is king.
Retail leases: The Benefits of Being in a Franchise
Paying rent is a major cost for any retail business, especially in high profile shopping centres. A franchisee can gain significantly from the experience of their franchisor when it comes to leasing their outlet, and it’s one of the benefits of investing in a franchise brand. Ange Kondos of The Leasewise Group explains more.Read more...
Tenants force malls to cut rent as sales slump
AUSTRALIA’S biggest shopping-centre operators, Westfield Group, Stockland and GPT Group, are lowering rents for new stores while existing tenants call for cuts as major mall sales drop for the first time in a decade.Read more...
Rent Revolt: How to Win!
We have heard how retail is under threat in Australia and we have heard the reasons why. Undoubtedly there is not a retailer out there who will disagree that rent and wages are the killers. In this column we will examine how to reduce your rent to help retail survive, unlike manufacturing which has been slowly dying for years. Wages we will leave till next time.Read more...