1. Help reduce the rate at which the virus spreads, and
2. Support local communities, businesses and the long-term future of places that we manage.
We are continually monitoring official guidance regarding COVID-19 and actively managing our response in line with Government advice and in response to feedback from the people and businesses that we work with.
We have already contacted all our retail and food and beverage tenants offering support where needed to ease cashflow concerns and ensure that staff can be paid. This includes waiving rent for the next quarter for the ones that are independent & most vulnerable.
Every one of our commercial tenants has a dedicated asset manager and can contact them with enquiries. Our teams are constantly available to help tenants with any questions they may have. We also have members of staff like Dean who just organised the delivery of sandwiches to vulnerable and elderly residents on Cundy Street in Belgravia, using donations by the general manager of Waitrose on Motcomb Street. We are trying to make sure that everyone can bounce back quickly and together ensure the long-term survival and prosperity of the West End. Because clearly, we all have a common interest here.
Grosvenor Britain & Ireland has also made an immediate initial donation of £250,000 to the London Community Foundation. This will support front line efforts to help communities in the capital most affected by COVID-19. With the Westminster Foundation, we have also waived the next quarter’s rent for 26 charities that rent office space from us.
In line with Government advice, we have postponed or cancelled all events that were scheduled to take place. The people involved have been contacted directly and our websites updated to reflect these changes. In addition, to restrict the spread of the Coronavirus, we have taken the difficult decision to close some public spaces, such as Grosvenor Square and Belgrave Square. Meanwhile, in Southwark, we are in close contact with tenants, partners and the community around our site at the Biscuit Factory to offer support.
Over the coming weeks, we will continually monitor official guidance and actively respond to feedback from all the people and businesses that Grosvenor works with.
The best way to keep up to date with our latest news is via Twitter: @Grosvenor_GBI.
You can stay up to date with all our latest news here: https://www.grosvenor.com/news-and-insight
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