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No. 1 Beijing Road reduced rents for commercial and restaurant tenants in February

2020-02-17T14:29:43.226Z


The pneumonia epidemic in Wuhan has hit Hong Kong's retail and consumer industries. Individual mall owners have offered discounts and other benefits to merchants in order to overcome the difficulties. The owner of No. 1 Peking Road decides to exempt its tenants from retail tenants and restaurants


Real estate market

Written by: Zhang Weilun

2020-02-17 22:22

Last updated: 2020-02-17 22:22

The pneumonia epidemic in Wuhan has hit Hong Kong's retail and consumer industries. Individual mall owners have offered discounts and other benefits to merchants in order to overcome the difficulties.

The owner of No. 1 Peking Road decided to reduce or exempt retail tenants and restaurant merchants from its merchants, with some rents in February. If it is a shop tenant, it can reduce its rent by 30%, and if it is a restaurant, it can reduce its rent by 50%. In addition, the government will provide relief measures to the industry, which is expected to reduce the business pressure on the business.

The owner of No. 1 Beijing Road will continue to maintain close communication with the tenants and work together to overcome the difficulties.

[Wuhan Pneumonia] SME Restaurant Alliance Calls for Lead to Reduce Rents and Help Small Businesses Tide Through Difficulties

It is said that half of the rent reduction in February helped merchants fight against the disease in Harbour City: a confidentiality agreement could not be disclosed

Retail

Source: hk1

All news articles on 2020-02-17

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