Tropicana Gardens pictured above
Property developer, Tropicana Corporation Berhad announced last week that it will waive rentals to tenants at Tropicana Gardens Mall during the Movement Control Order period from 18 March to 14 April 2020, in an effort to help ease tenants’ financial burden amidst the COVID-19 (Coronavirus) outbreak so that they can, in turn, assist their employees.
All tenants offering non-essential trade and services at Tropicana Gardens Mall will not have to pay rent from 18 March to 14 April 2020. This waiver applies to all businesses at Tropicana Gardens Mall that have been opened since the mall began operations on 5 March 2020.
Tropicana is the first landlord to offer a rent-free period that is longer than two weeks to its tenants.
Given the challenging environment, the Group is aware of the current concerns experienced by tenants. As these are unprecedented times experienced by all Malaysians, the Group believes that many will be impacted significantly over the next few months. In this regard, the Group would like to support its tenants by waiving their rent for those affected or unable to operate during this period of uncertainties.
The Group launched the Tropicana Gardens Mall which has a nett lettable area of about one million square feet on 5 March 2020. Strategically located in the mature area of Kota Damansara, Tropicana Gardens Mall is easily accessible via four major highways and good connectivity as it is just 50m from the Surian MRT with a variety of amenities all just within reach. Catering to the community at Tropicana Gardens as well as those in the vicinity, Tropicana Gardens Mall, anchored by Village Grocer and MBO Cinemas, will continue to offer fun-filled shopping experience for customers and visitors.
(30 March 2020)
