June 9, 2020 (MLN): The management of Dolmen City Reit has once again decided to waive the rentals of the tenants of the “Dolmen Mall Clifton” and the “Harbour Front”, after taking into consideration the challenging situation prevailed across the country due to the spread of COVID-19, which has resulted in limited trading hours.
As per the notification issued in this regard, the company shall waive:
i) 100% rentals of the tenants of “Dolmen Mall Clifton” for the month of May 2020 for tenants who were unable to operate during the lockdown
ii) 55% rentals of the tenants of “Dolmen Mall Clifton” month of June 2020 for tenants who were unable to operate during the lockdown
iii) 50% rentals of the tenants of “Harbour Front” for the month of June 2020
However, the above discount will not apply to operational tenants who are providing essential services such as supermarkets and banks or to food outlets.
“This measure will provide cost and cash flow relief to tenant partners whose business is already affected”, the company said in the notification.
