June 8, 2021 (MLN): Dolmen City Reit (DCR) has informed via notification to Exchange that the Dolmen Mall Clifton will be closed for two days in the week along with operating at restricted timings in compliance with directives of the Government of Sindh to contain the spread of COVID-19 in wake of the third wave.
As per the notice, the Sub-Committee of the Board of Dolmen City REIT has decided to waive off 10% of rentals for tenants having a retail outlet in 'Dolmen Mall Clifton', while waiving 100% rentals of tenants of all food outlets, entertainment & Children playing area for the month of June 2021.
The committee also decided that there will be no escalation in rent for the month of June 2021.
However, the above discount will not apply to operational tenants who are providing essential services such as supermarkets and banks.
“These measures will provide essential cash flow relief to tenant partners already affected by the closure of business,” the notification said.
