Spain begins to slash rents for struggling bars and restaurants
Spain has passed a decree forcing landlords to slash rents for coronavirus-hit bars and restaurants by up to half and announced plans to distribute EU COVID-19 recovery funds via public-private partnerships. Landlords with more than 10 properties in urban centres who have not agreed on a temporary discount with tenants in the hospitality sector must cut rates by 50% until a national state of emergency is lifted, government spokeswoman Maria […]