Coronavirus: PI offers three month rent relief to retailers in ‘The Market’

PI is a Dubai Investments joint-venture company engaged in the investment and development of real estate properties

Properties Investment (PI) has announced three-month rent relief as a goodwill gesture for retailers within ‘The Market’, a dedicated retail avenue located in the Green Community in Dubai Investments Park (DIP).

According to a statement from PI, in the wake of ongoing efforts to control the COVID-19 pandemic and with mall managements across the country stepping up efforts with various initiatives, PI has temporarily advised retailers to close shutters, adhering to preventive measures adopted by the government.

PI general manager Dr Rashid Abdulla Al Haji said, “Through ‘The Market’, the company has been providing shopping experiences creating an impact on the well-being of the community and during such crucial times, it becomes even more important to ensure the health and safety of not only our customers, but also tenants. Our tenants are the backbone of our success within ‘The Market’ and now with the temporary suspension of business, we announced this relief, to directly support them.”

He added, “Our mall management teams are working closely with the tenants to ensure the rent relief aids towards the recovery of their businesses during these times.”

According to Haji, various precautionary measures and steps like awareness communication, regular sanitisation, sterilisation and disinfection protocol to limit, contain and curtail the spread of the novel coronavirus had been implemented by mall management prior to the temporary closure.

Properties Investment along with the mall management teams have ensured constant monitoring of the situation with regular and timely feedbacks to the tenants, reiterating undue commitment and support towards the continued success of the retailers, he remarked.

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