Cromwell E-Reit proposes rent deferrals, monthly payments for tenants

Singapore

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is proposing to offer tenants the option to pay their rent every month instead of every quarter. It may also allow payments to be deferred by one to three months in special cases, it said in a bourse filing on Wednesday.

This comes after 139 tenants, comprising 9.7 per cent of the Reit's annual rent roll, requested for rental payments to be deferred for one or two months.