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House of Fraser in trouble...
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Old 10-11-2019, 20:02   #271
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Re: House of Fraser in trouble...

Just as with buying any sort of property, it's costs money to repay the loans/mortgage.


The bigger picture is that even with zero rents and zero business rates, the shops would struggle.
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Old 11-11-2019, 00:56   #272
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Re: House of Fraser in trouble...

Quote:
Originally Posted by denphone View Post
Indeed that was my thinking as something is better then nothing l always find but as most of these landlords are big retail land companies they seem uncompromising and inflexible.
They all seem to be agreeing to the CVAs which suggests they are being flexible.
One issue they face is that when they do it for one tenant, the other tenants request a reduction too. This impacts the returns they provide for their owners, typically pension funds. And pensioners are not usually keen to accept lower pensions.
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