August 13, 2021 (MLN): Dolmen City Reit (DCR) has informed via notification to Exchange that the Dolmen Mall Clifton will be closed for two safe days in the week with operating at restricted timings.
To note, Dolmen Mall Clifton was closed from July 31, 2021 till August 8, 2021 in compliance with directives of the Government of Sindh to contain the spread of COVID-19 across the province of Sindh in the wake of the fourth wave.
As per the notice, the Sub-Committee of the Board of Dolmen City REIT has decided to waive off 25% of rentals for tenants having retail outlets, ATM, and supermarkets in 'Dolmen Mall Clifton', while waiving 100% rentals of the tenants of all food outlets, entertainment and children playing area for the month of August 2021.
The committee also decided that there will be no escalation in rent for the month of August 2021.
These measures will provide essential cash flow relief to tenant partners already affected by the closure of business.
Dolmen City REIT (DCR) stands fully committed with its tenants and willing to extend maximum possible support to all of them during the ongoing pandemic, the notification said.
