SABA’s response to SA REIT’s rental proposal

Image: Evan Wise/Unsplash

In light of rental obligations with no income realities, all SABA members are facing at the moment, SABA sent a letter to the Chair of the South African Real Estate Investment Trust (SA REIT) Association.

SA REIT presented the retailers with a proposal suggesting they defer April and May’s rent and amortise it over the next 6 months. That means a rental increase of 33% for the next 6 months. SABA responded to SA REIT on behalf of all its members. [Read more]