Standing alongside our tenants in lockdown
To help central London bounce back from the first lockdown in 2020, we funded an extension to the Government’s popular dining discount scheme, Eat Out to Help Out, drawing 56,000 workers and visitors back to our eateries in Mayfair and Belgravia.
Our approach is based on a model of mutual success where tenants and landlords work together in a partnership.
Throughout 2020, we put this into practice by providing one of the most generous support packages for tenants in the UK, helping them survive lockdowns and reopen when allowed.
Rent was waived for nearly all retailers, charities, and food operators for three months in the first UK lockdown; and small independent businesses were offered a 50% reduction in their rent across the second and third lockdowns.
Innovating to encourage people back to central London saw us fund an extension to the Government’s popular dining discount scheme, Eat Out to Help Out, drawing 56,000 diners back to our tenants’ eateries.
All tenants benefited from the boost to the estate’s profile, which drove an above average increase in footfall to key destinations like Elizabeth Street, North Audley Street and Duke Street.