Intu Properties which owns Trafford Centre in in the UK has already been pushed into administration by Covid-19.
Momentum Investments says there will be few unavoidable casualties
among South Africa landlords as the cocktail of reduced rentals because of Covid-19
and capital scarcity will paint many debt-laden players into a corner.
However, the investment house which also has a sister company
specialising in property – the Eris Property Group – said the listed property
sector will however rebound from this.
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