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A mid-tier firm has partnered with a property fund manager to provide advice to commercial tenants on the government’s COVID-19 stimulus measures.
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Mid-tier secures COVID-19 advice partnership
04 May 2020
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RSM Australia has partnered with Primewest Group to give retail and commercial tenants advice on the government stimulus measures, understand their eligibility and support them with the application process.
Under the partnership, the ASX-listed property fund manager will offer to cover the costs for its 1,600 tenants to receive professional advice from RSM Australia.
In addition to help with stimulus measures, the partnership will also assist tenants in preparing their financial information to obtain rent relief under the government’s commercial tenancy code of conduct.
RSM Australia national head, property and construction, Adam Crowley said the partnership will help address one of the biggest difficulties reported by tenants during the pandemic.
“One of the biggest difficulties reported by commercial tenants who have been impacted by COVID-19 is making sense of all the government stimulus packages available, which ones they’re eligible for, how to apply and what evidence they may need to make this application,” Mr Crowley said.
“By helping their tenants obtain this advice and covering the cost, Primewest is demonstrating its commitment to working with its tenants through this crisis.
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“There’s a lot of information for business owners to digest at the moment.
“For many who have very real concerns for their staff and the long-term viability of their business, the government packages on offer could create a bridge to the other side of COVID-19.”
Primewest Group managing director David Schwartz said the partnership comes from the group’s determination to maintain strong working relationships with tenants.
“All Australian businesses are in this together,” Mr Schwartz said.
“Ideally, we’ll all come out on the other side of COVID-19 stronger than we were before.
“Rent relief is just one area where tenants are seeking support. If tenants understand and can leverage the packages available to them, they’ll be well placed to ride out the COVID-19 storm and rebound economically as quickly as possible.”
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