iProperty - Tropicana Corp Waives Tenant Rentals Amid Covid-19 Outbreak

This is to help ease tenants' financial burden amidst the Covid-19 outbreak so that they can, in turn, assist their employees. All tenants offering non-essential trade and services at Tropicana Gardens Mall will not have to pay rent during this period, according to its press release.

The waiver applies to all businesses at Tropicana Gardens Mall that have opened since the mall began operations on March 5,2020. Tropicana Corp claimed to be the first landlord to offer a rent-free period that is longer than two weeks to its tenants. Given the challenging environment, the group is aware of the current concerns experienced by tenants.

As these are unprecedented times experienced by all Malaysians, the group believed that many would be significantly impacted over the next few months, in this regard, the group would like to support its tenants by waiving their rent for those affected or unable to operate during this period of uncertainties.

The group launched the Tropicana Gardens Mall, which has a net lettable area of about one million square feet on 5 march 2020. Strategically located in the mature area of Kota Damansara, Tropicana Gardens Mall is easily accessible via four major highways and good connectivity as it is just 50m from the Surian MRT with a variety of amenities all just within reach. Catering to the community at Tropicana Garden as well those in the vicinity; Tropicana Gardens Mall, anchored by Village Grocer and MBO Cinemas, will continue to offer fun-filled shopping experience for customers and visitors.