Sandton City has 199 140 square metres of gross lettable area, according to information on its website. At R100 per square metre, it would pay municipal rates close to R20 million per month. But Beattie said the actual cost would depend on each tenant's usage, for example whether they are retail shops, or offices.
L2D has made a provision for the arrear rates and interest, resulting in a net impact of approximately 2c per share on the distribution for its year to end-December. The company on Monday declared a distribution per share of 36.37c. Beattie said these were the highest municipal rates in the entire L2D portfolio, which also includes Melrose Arch, Eastgate Shopping Centre and Liberty Midlands Mall.
But while the company says the new rates are unsustainable – and tenants will ultimately bear that cost – Beattie does not see it chasing renters from Sandton City. She said the mall trades at"an extraordinary" rate. The turnover of many Sandton City tenants is above pre-pandemic levels, and vacancies have decreased to 99.3% from 97.9% in December 2020. The average net rental in Sandton City is R453 per square metre, down from R542 in 2019.
_Business Crazy rates 👀
_Business Municipal rates based on the value of improvements are regressive. Which additional services is CoJ providing to justify the higher rates? 🤔
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
De Ruyter used 'wrong forum' to air concerns over Eskom corruption - business leaders | BusinessBusiness Leadership SA CEO Busi Mavuso says former Eskom CEO André de Ruyter chose the wrong forum to air his views on corruption at Eskom and should instead have reported them to the board and the police. | News24_Business _Business Lol it's tough when your biggest cheerleader speaks up against you _Business Fuck ya talking about ain't this democracy? _Business How do you report theft to the thieves?
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »
SA rich opt for Mauritius as no inheritance tax fuels property boom | BusinessWith its long stretches of white-sand beaches, blue lagoons and lack of inheritance tax, the Indian Ocean island of Mauritius has long been a beloved destination for high-net-worth individuals in search of seclusion. | News24_Business _Business Cyclone has devastated the island though... some lost those 'investments' _Business $10,542 earned within the last 3 months from my crypto investments with Lisa_berry77 Now I'm looking to learn even as my investment continues with her. You really need to experience that feeling of earning while you learn. _Business Wasn't Mauritius grey listed a few years ago?
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »
Science-backed reasons why you're better off being single | Business InsiderBeing alone isn't the same as being lonely. There are numerous mental and physical benefits to being on your own. Took them long enough Bookmarked. Will read later woah, this must be a rockefeller org, killing off the family unit one story at a time- 29 February 2012 So, it turns out feminism is a CIA plot to undermine the left Laurie Penny's eyebrow-raising encounter with a media studies professor at Occupy Wall Street. By Laurie Penny
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »
How Ukraine's 'lifeline' railway runs even as Russia bombs it | Business Insider'We never canceled any single train. We always keep running,' Alexander Kamyshin, the CEO of the state-owned Ukrainian Railways, told Insider. BISouthAfrica There's no liberation in Kherson, unless liberation has new meaning
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »