Turning point..?11 Jun 2011 15:44
Published: June 10 2011 14:57 | Last updated: June 10 2011 23:12
Southern Cross’s landlords are nearing agreement on a plan to help the struggling care homes operator avoid insolvency, with possible measures including rent reductions, tax deferrals and the landlords taking equity stakes in subsidiaries of the company.
A group of eight big landlords held their third emergency meeting in five days on Friday to seek a solution to Southern Cross’s financial crisis.
--------------------------------------------------------------------------------