As traders are struggling to bounce back from the gallows of Covid-19 pandemic, landlords are giving them offers that will facilitator them to do business in a sustainable manner.
In that spirit, Crane Management Services, the real estate and property management agency at Ruparelia Group, has announced that it will offer new tenants 3 Rent-Free Months.
The offer is for Hardware City on Entebbe Road, Hardware Plaza near Nakasero Market, Market Plaza located at Market Street in Kampala and Electrical Plaza located along Market Street in Nakasero.
However Crane Management Services managers said the offer doesn’t apply for apartments on these buildings. Only shop and office space qualify for this offer.
Hardware Plaza opened in 2016 sits on about 27000 square meters of prime land, has 281 shops and 66 residential apartments, Electrical Plaza has 220 shops, 56 apartments and two floors of parking, Market Plaza has 250shops and 110 offices with a wide packing to accommodate over 100 cars.
Rajiv Ruparelia, the managing director of Crane Management Services Limited said they are offering city traders three rent-free months such that they can have a chance to operate their businesses without any encumbrances or stress about rent.
This offer comes at a time when traders in Kampala are having a push and pull relationship with their landlords over rent arrears. After almost five months under Covid-19 lockdown, many traders are short of money to afford the rent bill.
Therefore, discounts and offers as such that Crane Management Services if offering comes handy for both the landlord and tenant. While the tenant wants a place to put his or her business, the landlord also is in need of tenants.