The real estate industry was able to weather the Covid-19 pandemic and July 2021 civil unrest owing to industry stakeholders uniting and creating mechanisms that ensured sufficient liquidity, says Nedbank Corporate and Investment Banking (CIB) property finance managing executive Gary Garrett. Speaking at the South African Real Estate Investment Trust (Reit) conference on February 3, he noted that the Reit industry early on in the pandemic, as well as the July unrest, identified areas where potential blockages or hotspots could be, and then negotiated with key stakeholders in the sector, such as financiers, tenants or regulators to find solutions.
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