SA’s largest property company, Growthpoint, collected less than half of its rent from retail tenants in April, when it provided almost R100m in rental relief.

The group, which owns half of the V&A Waterfront, collected 71% of its total rent in April across its portfolio, which declined slightly to 70% in May, largely due to a fall-off in collections from tenants in its industrial and healthcare divisions, according to an investor presentation on the group Growthpoint’s website...

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