PETALING JAYA: Berjaya Land Bhd (BLand) is waiving rental for retail tenants at all its complexes for a four-week period from March 18-April 14, following the movement control order (MCO) implemented by the government to contain the spread of Covid-19.
BLand CEO Syed Ali Shahul Hameed said the group empathised with the hardships currently being faced by the tenants at its complexes.
“Being forced to close or to be open for limited hours during the MCO will have considerable impact on the cash flow and revenue of these retail businesses.
“We hope that the waiver of rental and service charges for the four-week duration will alleviate our tenants’ financial worries and help them to sustain their businesses through this unprecedented and very challenging time,” he said in a statement.
Syed Ali noted that similar to businesses throughout the country, as a group with diverse business interests in Malaysia and in several countries around the world, Berjaya is not spared the negative impact of Covid-19.
BLand’s property investment division manages four commercial properties comprising Plaza Berjaya, Wisma Cosway and the Kota Raya Complex in Kuala Lumpur, as well as Berjaya Megamall in Kuantan.
source https://www.thesundaily.my/business/berjaya-land-waives-rentals-of-retail-tenants-at-all-its-complexes-BF2250254
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