Ivanhoé Cambridge will be granting rent deferral to retail tenants in its Quebec shopping centres in order to relieve their financial burden.
The real estate company is also deploying measures to protect against the spread of COVID-9 since its retail properties are currently open in the province.
“Each of us must do our part to support the well-being of our community and Ivanhoé Cambridge is united in solidarity with the difficult circumstances faced by many businesses,” said Nathalie Palladitcheff, president and CEO of Ivanhoé Cambridge. “Our decisions are made with caution in these circumstances. The mitigating measures proposed today aim to alleviate the liquidity problems of the tenants of our shopping centers in Quebec and to support the economy of the province.”
Ivanhoé Cambridge says it will continue to follow the development of this public health situation very closely.