Rents for retailers fly up: ‘That’s the deal’ | Financial

Wereldhave shopping centers are running again

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Amsterdam – After two years of rent discounts due to the corona crisis, shopkeepers are now faced with huge rent increases. A standard clause in rental contracts is that shop rent follows inflation. Preferably 9% it is now. “It sounds harsh, but that’s the deal,” says CEO Matthijs Storm of shopping center manager Wereldhave at the presentation of the half-year figures.