Tropicana Corp Waives Tenant Rentals Amid Covid-19 Outbreak

PETALING JAYA: Property developer Tropicana Corporation Bhd (Tropicana Corp) announced that it would waive rentals to tenants at Tropicana Gardens Mall during the movement control order period from March 18 to April 14, 2020.

This is to help ease tenants’ financial burden amidst the Covid-19 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 during this period, according to its press release.

The waiver applies to all businesses at Tropicana Gardens Mall that have opened since the mall began operations on March 5, 2020. Tropicana Corp claimed to be 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 believed that many would be significantly impacted 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 net lettable area of about one million sq ft on March 5 this year. Located in Kota Damansara, the mall is easily accessible via four major highways and is only 50m from Surian MRT. Village Grocer and MBO Cinemas are the anchor tenants of the mall, which caters to the Tropicana Gardens community as well as those in the vicinity

Source: StarProperty