Shopping malls to recover revenue from rentals only in 2021
After more than three months closed and giving discounts to tenants, Brazilian shopping malls still don't know when rental payments will return to pre-pandemic levels. This may occur during 2021, depending on the pace of economic recovery, according to Rafael Sales, CEO of developer Aliansce Sonae, and Ruy Kameyama, CEO of operator BR Malls, who participated of a live-stream talk with Valor. While closed, malls stopped charging rent and reduced condominium fees. Now, with the resumption of activities, collections are also being gradually resumed...
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