Restaurant body disappointed in landlords' lack of follow-through on rental relief for F&B operators

LANDLORDS have yet to deliver on their publicly announced rental relief for food and beverage operators, said the Restaurant Association of Singapore on Sunday night, adding that it was"deeply disappointed".

Only Jewel Changi, Changi Airport Group, JTC and NParks have sent written notices on rental rebates to their tenants. All other landlords and mall owners have been"slow to react" to the appeals of their F&B tenants, RAS said in its statement. The association singled out CapitaLand, Singapore's largest mall operator, which has apparently not delivered on a promise of 50 per cent rental rebates for restaurant tenants.

RAS said it checked with F&B operators which represent some 500 outlets and found that restaurateurs operating in CapitaLand’s suburban malls, which form the bulk of its portfolio, have not been granted rental rebates at all. Those operating in CapitaLand’s urban malls have only been offered 10 per cent rebates. Only one operator at CapitaLand's Clarke Quay property was given a 15 per cent rental rebate.

Source: News Formal (newsformal.com)

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