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Real estate boss shows great gesture in the pandemic crisis

In order to contain the new corona virus, public life is being increasingly restricted – many operators of shops are still faced with running costs. A German real estate investor now relieves his tenants.

Due to the constant spread of the corona virus, there are increasingly stringent requirements in Europe. The retail sector, bars and many other businesses may need to be closed for regulatory reasons in the coming weeks to curb the spread of the Sars-CoV-2 agent.

The founder and director of the real estate investor Deutsche Fachmarkt (Defama), Matthias Schrade, shows himself ready to relieve tenants in the tense situation. Defama appeals to shopkeepers who do not offer everyday goods to close their shops and does not charge any rent for this period. “The rent, including ancillary costs, will be waived from the day of closure until April 30th or at the time of an official order,” Defama said.

Schrade also explains that “all additional costs arising from the protective measures in the properties, as well as any loss of rent, are personally borne by the MSC Invest GmbH belonging to him”.

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