Dolmen City REIT waives 15% rentals of tenants having retail outlets in Dolmen Mall Clifton

MG News | September 04, 2020 at 03:19 PM GMT+05:00

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September 4, 2020 (MLN): The Sub-Committee of the Board of Dolmen City REIT, after obtaining recommendations from the Property Manager and the REIT Management Company, has decided the following in order to provide support and essential cash flow relief required for the tenants:

Waive 15% rentals of the tenants, having retail outlets in "Dolmen Mall Clifton" for the month of September 2020. The discount will not apply to tenants who are providing essential services such as supermarkets and banks.
Reduction in Minimum License Fee to Food outlets on a conditional basis for the month of September 2020.

The company further said it will continue to engage with the tenants and monitor the situation closely.

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