Mailbox posts strong rental collections, turning ‘excess’ retail units into offices

As of 26 October, the company said it had collected 91.9% of contractual rents for the September quarter. And with office and car park payments standing at 100%, that meant retail payments dragged at 79.6% of the total and Food & Beverage at 64.9%.However, Mailbox said it expects the bulk of the remaining 8.1% of rents due during the quarter are to be paid by those tenants that settle their ren…

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