Mall Operators Provide Discounts to Tenants | KF Map – Digital Map for Property and Infrastructure in Indonesia
Mall Operators Provide Discounts to Tenants
Wednesday, 17 June 2020

Following the new normal phase in Indonesia, malls are operating by implementing strict health protocols, including reducing the number of visitors by half. The Indonesia Shopping Center Tenants Association (Hippindo) expects owners of shopping centers to help tenants by reducing rents, considering the limited number of visitors. However, several operators decide to provide discounts as the lease contracts were long term leases between five to 10 years.

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