Commercial Owners Supporting Tenants In Need – Welcome Govt Support Packages For NSW

The Property Council of Australia has welcomed state and federal business support packages for NSW announced today, saying commercial property owners are working closely with hard-hit cafes, restaurants and other retail tenants in the Greater Sydney area to support them through the current lockdown.

Property Council of Australia Acting NSW Executive Director, Lauren Conceicao, said property owners provided more than $15 billion of support to tenants around the country during 2020 and 2021 and are once again supporting many small hard-hit tenants.

“The government support packages announced today are very welcome news and commercial property owners are also once again stepping up to play their part, working closely with their smaller hard-hit tenants,” Ms Conceicao said.

“Small CBD cafes, restaurants and retailers that rely on office workers as their customers bear the brunt of the necessary lockdown actions by governments.

“As they did so effectively last year, property owners are again engaging closely with their small business tenants experiencing hardship in the current lockdown and are providing support on a case-by-case basis.

“This important case-by-case support for hard hit small business tenants will sit alongside the substantial government support announced today.

“We welcome the sensible and proportionate measures the NSW Government will put in place around commercial leases. It makes sense for land tax support be used to help tenants and for a temporary stay on evictions to be put in place.

“The property industry continues to make community safety our highest priority during the pandemic, ensuring shopping centres, construction sites, retirement communities, and logistics hubs and warehouses have been able to stay open while being Covid-safe,” Ms Conceicao said.

“The Property Council continues to successfully partner with government on CBD activation initiatives to support our business hubs and lead the way out of these lockdowns, and we look forward to the implementation of this work post-lockdown,” Ms Conceicao concluded.

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