Brief: Capitaland Announces Relief Measures To Help Tenants Impacted By COVID-19

CapitaLand Integrated Commercial Trust

24/02/2020 24:17

Feb 24 (Reuters) - Capitaland Ltd  CATL.SI :
    * ANNOUNCES S$10 MILLION MARKETING ASSISTANCE PROGRAMME TO
FUND
RETAILER-DRIVEN & MALL-WIDE PROMOTIONAL ACTIVITIES TO HELP ITS
TENANTS
    * CO'S MARKETING ASSISTANCE PROGRAMME TO HELP TENANTS RIDE
THROUGH
CHALLENGES BROUGHT ON BY COVID-19
    * WILL OFFER FLEXIBLE RENTAL PAYMENTS AND A ONE-TIME RENTAL
REBATE
OF UP TO HALF-A-MONTH FOR ELIGIBLE TENANTS.
    * IN RESPONSE TO BUDGET 2020, WILL PASS ON FULL SAVINGS OF
GOVERNMENT'S PROPERTY TAX REBATE FOR QUALIFYING COMMERCIAL
PROPERTIES TO ITS TENANTS
    * OVER & ABOVE BUDGET 2020 MEASURES, CO HAS COMMITTED
ADDITIONAL
SUPPORT, INCLUDING RENTAL RELIEF, FOR TENANTS AFFECTED BY
COVID-19

Source text for Eikon:  ID:nSNZbKSW94 
Further company coverage:  CATL.SI 

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