Thursday 15 October 2020

Unibail-Rodamco sues Express over $30M in missed rent

Act of God? Mall operator Unibail-Rodamco-Westfield said its lease agreements with Express cover such events, and still require the retailer to pay the rent. Now Unibail is suing Express, saying the retailer owes $30 million in skipped rent across 27 locations throughout the U.S. Fourteen of those stores are in malls in California, according to the suit, filed in Los Angeles County Superior Court. Many struggling retailers have argued the pandemic allows for missed rent



source https://therealdeal.com/2020/10/15/unibail-rodamco-sues-express-over-30m-in-missed-rent/

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