Redefine to provided additional 46 mln rand in rent
discounts Redefine now poised for expansion after disposals
JOHANNESBURG, Feb 22 (Reuters) - Two of South Africa s prime
commercial property owners will extend rental relief to
struggling tenants this year, in a sign the impact of COVID-19
is far from over for hard-hit real estate firms although they
see the tide turning at the end of 2021.
Liberty Two Degrees (L2D) and Redefine Properties
- owners of some prominent commercial real estate in
Johannesburg and Cape Town - said they would have to provide
rental relief for longer.
South African commercial real estate sector - with its