Malls: Falling Rents Is Not Envisaged

8 years, 2 months ago - September 04, 2013
If all the malls do not know the expected attendance, lower rates although requested by some traders, is not on the agenda.

In Flacq Shopping Mall , for example , it is assumed that some tenants have asked for a reduction in their rents. You should know that the mall is experiencing attendance is not up to the expectations of management .
This can be explained by the competition of the city center shops and the fair Flacq . However, lower rents is not on the agenda , according to Ashwin Chinnayya , director of Flacq Shopping Mall. "We are currently working on a strategic plan , but the decline in rents is not provided . We further support for traders who , as is the case everywhere in Mauritius, go through a difficult period. It is , for example, contact the center to increase attendance , "says Ashwin Chinnayya .
If attendance Kendra mall, St -Pierre is good compared to the expectations of management , we remember that different merchants located there called it a few months ago , a decline in rents. "We do have requests, but that is a minority. In our experience , this is normal in the first year of operation of a center. Customer loyalty gradually and brands are adapting to a new environment , "says Xavier Audibert , Portfolio Manager Kendra .
However, the mall does not intend to review its rents down because , as stated Xavier Audibert , it is not the policy of the mall. "We attach great importance to support our tenants so they can sell in their original objectives . These marketing support, sharing experience based on the evolution of teaching of the same class of customer surveys to help us understand the application and training among others, " he said.
By cons , some malls, the question of a decline in rents does not arise . This is for example the case where Bagatelle Mall of Mauritius , with a 14% increase in visitor numbers in July 2013 compared to July 2012 , management noted that tenants are mostly satisfied with their sales. 

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