The Howard de Walden Estate has agreed to offer monthly rental payments for occupiers, as the outbreak of coronavirus continues to impact retailers and leisure operators.
Howard de Walden, which owns around 92-acres in Marylebone, London, will implement monthly rental payments, “where approriate,” instead of the usual quarterly invoicing.
Andrew Hynard, chief executive of the Estate, said the measure is being introduced to “lessen the impact of business.”
“We will endeavour to help our occupiers to remain open during this difficult period, but only when doing so is in line with ongoing government and Public Health England guidelines.”
“We hope this will assist with the cashflow challenges that many businesses are facing.”