Malls announce rent condonation during Luzon quarantine
MANILA, Philippines — The country’s biggest shopping mall developers are waiving rental fees for tenants whose businesses were affected by the Luzon-wide lockdown due to the new coronavirus.
AyalaMalls, Gokongwei-led property developer Robinsons Land Corp. and the SM group will waive rent for their nonoperational tenants in all of its 74 shopping malls, from March 16 to April 14.
—Doris Dumlao-Abadilla
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