Landlords unlikely to lose out from Target closures

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With news yesterday that Target Canada is closing its 133 stores shopping centres will have to extra space to fill but many landlords are unlikely to lose out financially. Reports yesterday revealed that with concern over the retailer’s long-term future in Canada many landlords had required that leases were secured by the firm’s US parent. In many incidents the rental payments have been guaranteed for the entire duration of the lease.
  • Tomas on 2015-01-16 10:15:10 AM

    Riocan required a US parent guarantee. Who else did?

    Gotta hand it to Edward Sonshine, he knows a bluff when he sees it. Takes one to know one I guess?

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