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New York
8th February 2023

Retail property sector in trouble

Retail property sector in trouble

The retail property sector in Europe is seeing a fierce competition , After the government imposed lockdown. supermarkets are refusing to pay rents to Landlord and property companies,   most retails have all their stored closed but they will still have to pay rent, many of them who are  already with financial difficulties are  to appointing an  administrators,   retail landlords should have collected 1.4 billion euros in Europe. where some other companies could only collect only 30% of the rent.