GPT Group posts $519 million half year loss as pandemic cuts swathe through value of company's commercial real estate portfolio

GPT has posted a $519m half year loss as pandemic slices $711m from the value of the group's commercial real estate portfolio. 

CEO Bob Johnston says rent relief for tenants has hit hard and rent collections are down.

Melbourne jeweller Wesley Rutherford tells ABC Radio Melbourne that while 50 percent rent relief is critical, he says tenants down 100pc in revenue are in despair.

Here's my report from The World Today