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SM Supermalls to waive tenant rentals nationwide

Posted by on March 18, 2020

SM Supermalls will waive tenant rental fees starting from March 16, 2020 up to April 14, 2020 to provide relief for tenant partners during this time of community quarantine. SM demonstrates the spirit of bayanihan, hopeful that the effect of the financial

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The SM Supermalls announced today it will waive rentals to all tenants nationwide from March 16 to April 14, 2020. This is to offer tenants some relief during this trying time, so that they can in turn lend more assistance to their employees during the period of Community Quarantine.

“We share our tenant partners’ concerns at the unfortunate situation and will waive rental charges for those affected and unable to operate during this period,” said SM Supermalls President Steven T. Tan.

This support forms part of SM’s commitment to fight the effects of the COVID-19 outbreak, in addition to its recent announcement that it has allocated PhP100M to provide protective equipment and supplies towards hospitals for the safety of medical front liners, as they actively fight the spread of the coronavirus.

 

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