Intu will take more ‘robust action’ to enforce legally binding leases

CAPE TOWN – 
Intu, which owns leading shopping centres in the UK,  said Monday it might have to take “more robust action” to enforce legally binding terms of leases, where customers at its leading UK shopping centres were refusing to pay rent.
The group’s UK centres all remain semi-closed through the Covid-19 crisis, with only stores selling essential goods still open. The share price on the JSE increased 1.6 percent to R1.27 Monday morning.
The group said in an update Monday it was dealing with a “very small number of cases” where customers were not engaging with Intu, to find a  consensual solution regarding rents.

Source: iol.co.za