Mapletree Industrial Trust Announces Tenant Relief Programme Of Up To S$13.7 M (US$9.6M)
April 16, 2020 — Mapletree Industrial Trust Management Ltd., as manager (the “Manager”) of Mapletree Industrial Trust (“MIT”), will be supporting its tenants in Singapore with a COVID-19 Assistance and Relief Programme of up to S$13.7 million. This is in addition to approximately S$10.5 million property tax rebates of 100% and 30% for qualifying commercial premises1 and non-residential properties respectively2, which will be fully passed on to all tenants in MIT’s properties in Singapore.
Mr Tham Kuo Wei, Chief Executive Officer of the Manager, said, “We are committed to work closely with our small and medium-sized enterprise tenants to navigate through this challenging period. The COVID-19 Assistance and Relief Programme will help to ease pressure on our tenants from supply chain disruptions and fall in business volume as a result of the pandemic.”
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