Planning an Upgrade or Redevelopment (WCPT415) – 1.5 Points

Description

This is a 1.5 point session aimed at commercial and retail agents that is focussed on understanding the legislation surrounding, and managing the risks involved, when upgrading or redeveloping a shopping centre.
In the video we discuss relocation of tenants and the laws that govern the relationship between retail tenants and owners. Key points discussed include:
definition of a retail shopping centre.

Summary of course content:

• Head lease
• Termination requirements
• Redevelopment clause versus relocation clause
• The Act
• SAT involvement
• Scenarios
• Available options
• The risks involved when redeveloping or upgrading a retail shopping centre