Robinsons waives tenants' rent during COVID-19 lockdown


Posted at Mar 18 2020 07:20 PM

MANILA - Robinsons Land Corp on Wednesday said it will waive rental charges for tenants who are not able to operate during mall closures due to the COVID-19 lockdown. 

The Gokongwei-owned mall operator said the rent condonation will help tenants reallocate funds to affected employees.

Robinsons' announcement follows similar moves by Ayala Malls and SM Supermalls, which both said they were waiving mall rental charges during the lockdown. 

The company added that its sister firm Robinsons Retail Holdings, which owns retail stores, supermarkets, convenience stores and drugstores, have been operating continuously to serve the public.

Robinsons Bank also announced it was easing payment due dates for various loans.

The Gokongwei earlier announced it allotted P100 million to support health workers fighting the COVID-19 pandemic.