In Singapore, CapitaMall leases generally last 2 to 3 years, with rents often linked to turnovers, compared to the 7-10 year leases in the U.S, with small annual fee increases.
Initially, car makers leased the experimental models in small numbers to celebrities who could help create buzz before selling and extending leases to thousands of other drivers nationwide.
After its first four attempts at malls, which were a disaster, Mr Allen now thinks Seiyu has learnt the tricks of the trade, offering super-cheap leases to the crowd-pulling stores so that money-earning small retailers will want to open up too.
It applies to those swathes of outback Australia where pastoral leases were created in colonial times to allow farming on properties the size of small European countries.