The part-owner of Sandton City says rental collection has improved in May as some tenants resume trading
Liberty Two Degrees , which owns a quarter of Sandton City, collected just more than a third of rent due from tenants in April, but says this has improved in May as some tenants resumed trading.
The rental collection rates are affected by a large retail exposure, which has been the worst affected sector during the Covid-19 lockdown, the group said. This varies, however, and Nelson Mandela Square has only 11% trading due to a high number of restaurants.
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