Retail

Brett Blundy-backed Aventus Group said people staying home have been spending up on new electrical items, white goods and homewares.

The normally subterranean battle between shopping centre owners and hard-pressed tenants burst into ugly view this week, with much more at stake than the usual tough talk between business rivals.

The powerful property industry has warned that an extension of the Morrison government’s leasing code for small tenants until March next year could see the overall cost of the scheme blow out to about $15bn.

Commercial property landlords in Victoria will receive further land tax concessions as they battle the ongoing impact of the coronavirus on business.

Solomon Lew’s Premier Investments has hit back at criticism of its hardline tactic of not paying rent when it closed stores during the coronavirus pandemic and for receiving the JobKeeper subsidy, and will close a store in a Melbourne mall co-owned by Salta Properties, which had called out the retail chain.

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Food and beverage operators are seeking smaller, kitted out premises as the demand for takeaway and home delivery grows due to the coronavirus pandemic.

Tensions between landlords and their tenants are mounting over unpaid rent during the coronavirus pandemic, with Salta Properties managing director Sam Tarascio calling out Premier Investments for using government subsidies while also paying a large dividend.

Key tenancies within a prominent Mermaid Beach commercial precinct including Sizzler, a medical centre and a former cinema have been advertised for lease.