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Mall operators extend relief measures

Mount Equity Group Tokyo, Japan > News > Real Estate > Mall operators extend relief measures

Workers spray disinfectant inside MBK shopping centre which is helping tenants by charging them for water and electricity only. Workers spray disinfectant inside MBK shopping centre which is helping tenants by charging them for water and electricity only.

Many shopping centre operators have extended their relief measures to help enable tenants to continue with their businesses amid the unabated Covid-19 crisis.

Somphol Tripopnart, managing director of shopping centre business at MBK Plc, the operator of MBK, Paradise Park and The Nine Rama 9, said the company started helping its tenants on April 26 by waiving the rental fee for the hardest-hit tenants who could not settle any of their invoices, charging them only for water and electricity.

Early this month, the company extended its relief measures to cover other tenants at all three shopping complexes by reducing the rental fee by between 30-70% to mitigate the impact of the fresh wave of Covid-19 pandemic on the tenants.

“It remains necessary to waive the rental fee for some tenants. We want to support