Major landlord moves to support tenants through Covid-19

Duart House

HFD Property Management has committed to helping its occupiers during the Covid-19 crisis, with a range of cashflow and lease flexibility measures.

The property management arm of HFD Group is offering a package of assistance to tenants, which includes rental support for small and medium-sized enterprises (SMEs) and extended agreements for businesses with leases expiring during lockdown and its aftermath.

With organisations expected to make a phased return as summer approaches, HFD has also introduced an initiative that enables tenants to maintain social distancing in offices. The company is offering its occupiers additional leases on spaces of up to 50 desks with flexible terms, for as short a period as three months.

HFD Property Management manages 250,000 sq. ft. of serviced offices for 230 businesses at Strathclyde Business Park and Hamilton International Park.

Rosemary Hill, managing director of HFD Property Management, said: “Companies across the country are wrestling with the impact of Covid-19, not only on their businesses and clients but also on how they recommence operations safely and in line with social distancing requirements. We appreciate that even more flexibility is required from office providers to facilitate this and we are proactively offering as much support as we can.

“As such, we are introducing a range of initiatives to support them during this very difficult time. We are offering short-term leases for companies that need additional space due to social distancing restrictions; likewise, if they are experiencing cashflow difficulties. Our aim is to support the businesses we work with through this period, helping them to continue operating while keeping their staff safe.”