In a caring move, Dolmen City Reit notified Pakistan Stock Exchange that in Compliance with directives of Government of Sindh to contain the spread of COVID-19 across the province of Sindh, the management of Dolmen Citv REIT, has decided to waive 100% rentals of the tenants of “Dolmen Mall Clifton” till 15th May 2020,
The exception to the waiver are those operational tenants who are providing essential services such as supermarkets and banks.
Moreover, 50% rental waiver is also provided to the tenants of “The Harbour Front” for the month of May 2020. This measure is expected to provide cash flow relief to tenant partners whose business is already affected.
The notice further says that Dolmen Mall Management will monitor the situation closely and may extend the waiver beyond mentioned dates based on the decision by Government.