Business

Exchange Tower tenants ask Prime Minister for help over rent

RETAIL tenants at Exchange Tower, a commercial office block at Asoke-Ratchadapisek Intersection, submitted a letter to Prime Minister Prayut Chan-o-cha asking for justice after having failed to get the building management to waive their rent during the lockdown period only winning an agreement for a partial reduction, PostToday reported this afternoon (16.5.2020).

In the letter.the tenants said some of the businesses in this building got zero income during the lockdown period while others, which were partly opened, saw their revenue drop by 80 to 90% and now have to unjustly pay rent for the leased space.

The tenants who showed up at the Government House at 1.30 p.m. include Absolute You fitness centre, Chu coffee shop, Bella beauty clinic,  Naeki Sushi Japanese restaurant, Yogaaum exercise equipment retailer, Dressed health food restaurant, Buya beauty centre, KAMU bubble tea shop, STL English language school, Lalalash eyelash extension centre and Stamford International University.

Exchange Tower is managed by CBM Facilities & Security Management (Thailand) Co., Ltd.

These tenants said they tried to hold talks with the building management asking for some sympathy and exemption from rent and service fees during the lockdown period but were told that only some part of the rent could be reduced as the building too could not similarly suffer a loss.

CAPTION:

The usually heavily congested and very busy Asoke-Ratchadapiske intersection . Photo: Clay Gilliland (CC BY-SA 2.0)

Nina
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