Lessors and lessees need to have a clear understanding of their rights and obligations under the lease when it comes to a proposed assignment by a lessee of its interest in the lease. If the lease is subject to the provisions of the Retail Leases Act 1994 (NSW) (“Act”), the rights and obligations stated in the lease are subject to the provisions of the Act.
Well-known brand Zara’s impending entry into Australia underscores what could be a dramatic internationalization of the Australian retail marketplace. The impact on shopping centers and on home- grown brands in the event of a large influx of major foreign retailers is going to be uneven, nuanced and profound.
An owners corporation (also known as a body corporate) has an absolute duty to recognise and rectify problems associated with common property promptly and effectively, or they may face legal proceedings.
Non-food retailers in mature markets with growth in their sights have recently pinned their hopes on three key elements; factory outlet locations, e-commerce and expansion into emerging markets, with many press reports of high profile retailers expanding abroad.
When it comes to investing in commercial real estate and most particularly shopping centres, the tenancy mix for the property is the key to a good return. A great property manager can add value to the property for the landlord through good lease and tenancy mix management.
Clearpoint is proud to offer a selection of retail shops for lease close to Northbridge Plaza