Tenants receiving some relief as business grinds to a halt during pandemic
Amid the Covid-19 pandemic, businesses of all varieties have seen drastic changes in both their operations and cash flows. Some sectors, such as aviation and tourism, have been severely hit by travel restrictions imposed globally.
With the restrictions on trading, supply chain interruptions, and difficulties accessing their places of work as well as the government COVID-19 control measures, combined with the poor trading environment, have led some firms to enforce mandatory leave without pay. As businesses take steps to reduce overhead, some office landlords are taking steps to share the burden. Click here to read more on this issue.