Woolworths Group helps small business with rental relief and employment opportunities

HeroBanner

The multi-million dollar support package will provide rent relief for the majority of Woolworths retail tenants

Avatar photo

Shopping Centre News

March 27 2020

5min read

Share this Article

Comment Below

Woolworths Group has announced it will be offering support in way of rental relief and employment opportunities to help retail tenants in its shopping centres and other retail assets impacted by the coronavirus (COVID-19) pandemic.

The move follows government restrictions earlier this week on non-essential services, in an attempt to slow down the spread of COVID-19.

Ralph Kemmler, Woolworths Director of Property said: “Shopping centres are an important part of the Australian way of life and play a valuable role in the Australian community.

“Our retail tenants are presently one of the most impacted parts of the economy and we want to do our bit to help them under extremely difficult circumstances.

Retail tenants impacted by government announcements include small local boutiques, cafés, restaurants, gyms, cinemas and indoor entertainment retailers.

“This multi-million dollar support package will provide rent relief for the majority of retail tenants and small businesses in our shopping centres and other retail assets.

Woolworths Keysborough

“We are also looking where possible to offer flexible contract and casual roles as a priority to employees of specialty tenants in our shopping centres affected by the restrictions.

“We know the outlook will continue to be extremely tough for our retail partners over the coming months. We are taking action because we want to play a constructive role in seeing these businesses bounce back.

“We know this is the right thing to do and we are committed to working through these challenging times together.”

Woolworths Group owns and manages a portfolio of 28 Woolworths based shopping centres and other retail assets throughout Australia.

Woolworths’ retail support package begins this week and will continue through until 30 June when it will be reassessed based on the situation at that time.

Woolworths also announced it is hiring up to 20,000 new roles across its supermarkets, e-commerce, supply chains and drinks businesses over the next month.

About the author

Avatar photo

Shopping Centre News

View all posts
Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand. Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.
View all posts

comments

Leave a Reply

SUBSCRIBE TO RECEIVE OUR FREE E-NEWSLETTER

Get the latest industry news and insights delivered to your inbox

Responsivemockup2