SPH REIT has committed to fully pass on the property tax rebates received from the Singapore government to tenants whose businesses have been impacted by the coronavirus pandemic.
- REIT manager’s board of directors will take a 10% cut of their directors’ fees, while CEO
Susan Lengwill also take a salary reduction of 10%, company says in press statement
- Cuts will be effective from April and be reviewed at the end of the year
- SPH REIT has contacted its tenants to better understand the impact of COVID-19 on their businesses and granted targeted rental rebates for February and March 2020
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