Liberty Two Degrees didn’t collect more than 60% of April rent
The part-owner of Sandton City says rental collection has improved in May as some tenants resume trading
20 May 2020 - 11:09
Liberty Two Degrees (L2D), which owns a quarter of Sandton City, collected just more than a third of rent due from tenants in April, but says this has improved in May as some tenants resumed trading.
Rental collections based on full amounts due and before any discounts totalled 38.2% in April, while May collections have since increased with 43% of current billing being received as at May 18, with this expected to significantly increase as the group concludes negotiations with tenants that are now trading...
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