rents
Navigating the rental squeeze
You need to understand the impact of CPI on retail shop leases, says Phil Chapman, using insights from the March 2024 quarter The latest release from the Australian Bureau of …
World news wrapup: 28 April 2022
UK pharmacists face aggression amid severe HRT shortage; Ghanaian pharmacist up on impersonation, threats charges; narrow miss for Canadian pharmacy shoppers UK: The Royal Pharmaceutical Society is asking UK Health …
Too many pharmacies on unsustainable rents?
Some pharmacies should consider downsizing and negotiating total rent – not just deferring payments – if they want to survive post-COVID-19, warns pharmacy business expert Pharmacies located in business districts …
Pharmacies hit hard by pandemic slowdown
Chemist Warehouse and Priceline are reportedly asking for “massive” rent reductions, as API warns that pharmacies could close and one industry expert says some stores are severely impacted by the …
‘Time is of the essence.’
An expert tackles retail lease obligations and rents for pharmacy owners in the current challenging environment, and provides advice on contingency planning Phillip Chapman, Director of Lease1, has explored the …
Negotiating leases and shopping centre rents
What do pharmacists need to know to be better armed when negotiating new leases? Stephanie McGrath explains I have been assisting several clients lately who have had run-ins with their …
Rents putting pressure on already stressed pharmacies
Pharmacy owners should be negotiating lower rents in line with sales declines, says expert Pharmacy business owners should be renegotiating lower rents in line with sales decline and shopping centre …
Could Wesfarmers, Woolies or Walgreens acquire CWH?
A sale of Chemist Warehouse might be possible in the near future, according to an article in The Australian which speculates on the discount giant’s future. “The $5 billion-odd pharmacy …
Retail tenancy legislation: what are your rights?
Mark Blundell and Shannon Davies take a look at legislated protections for pharmacist tenants In what are challenging economic times, the article published here recently about a landlord being ordered …
Feeling the squeeze: ‘overcooked’ rents crisis rolls on
Between PBS reforms, wage costs, a downturn in retail and high-cost new drugs, pharmacies are being squeezed more than ever… but do landlords understand or care? Megan Haggan investigates Rents …
Pharmacy to get $42k refund from landlord
A pharmacy is set to receive over $42,000 from its landlord after a determination that it should not have paid management fees The lessees of a pharmacy in Mandurah, WA, …
Pharmacists struggling to keep pace with impact of PBS reforms
High rents, high wages, PBS reform and a tough retail market aren’t doing pharmacy any favours, writes Mark Churchill The speed at which the most recent PBS reforms have been …