Resilient tempers distribution forecast as Edcon struggles
Edcon’s Edgars chain plans to close two stores in Resilient’s portfolio
Resilient, which owns Amanzimtoti’s Galleria Mall, says distributions to shareholders for the year to end-June will probably be at the lower end of its previous guidance because of Edcon’s woes.
Edcon’s Edgars chain plans to close two stores in Resilient’s portfolio, the landlord said on Tuesday. National tenants plan to take up this space at higher rentals, it said...