Tamdeen Group, Kuwait’s leading mixed-use property developer, has waived rent fees for its tenants for the duration of the Covid-19 government mandated store closures across all 360 mall, Alkout and Sama Centers.
In a letter addressed to the tenants dated April 7th, Tamdeen Group announced as long as all operating malls and centers remain closed, the total investment fees will not be charged during the lockdown period. In addition to this financial gesture the company stated a discount on the Investment fees till December 31st, 2020. Tamdeen Group initiative to defer rent is in alignment to support our country, our people and our investors financial burdens.
Furthermore, Tamdeen Group are working closely with their retail properties tenants to ensure that they are in a strong position to re-generate their business quickly and provide customers with the same great shopping experiences upon the malls and centers reopen.
Tamdeen Group emphasized their usual commitment to their tenants and their full support in this unprecedented situation Kuwait is going through.