Last year, the retailer was paying a negative 12% in rental reversion, "the first time I think we've ever gone negative", says Anthony Thunström, CEO of TFG.

The retailer's average lease period is five years, and it renewed one-fifth of its leases last year.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.