March 19th, 2020

Malls operators may offer relief to tenants due to impact of coronavirus on business

Mall operators in the National Capital Region have started reviewing the impact of the Covid-19 outbreak and might offer some relief to their tenants.

They are discussing possible scenarios since the relationship with the retailers is long term and with their business taking a big hit, paying rent will be a difficult task for them, mall operators ET spoke to said. Similar discussions are happening in other cities as well, they said.
Authorities in the NCR have ordered closure of cinema halls including multiplexes, a major draw for customers at malls, till March 31. With residents not coming out to crowded places also because of the co ..

Read more at: