Molonglo Group has been praised as an outstanding landlord by one of its tenants. The firm started 55 years ago and is a typical “made-good” story of Greek post-war immigrants, arriving in Australia and starting in cafés, shops and buildings. Their roots lie in being operators of small businesses and being tenants themselves and this has given them lived perspective on the current hardships.
Now with four offices in major cities and a large interest in commercial properties and development, Molonglo Group has about 75 tenants. They have provided their retail and cultural tenants and small operators that rely on public visitation and interaction a 50% rent reduction for three months from April to the end of June.
Director of Creative Operations, Dan Honey (pictured above), said “We carefully choose our tenants. We work hard to get the right ones and we want them to get through this. If they don’t, we won’t.”
“It has to be a collective thing. Everyone needs to do their bit, otherwise there’s going to be carnage on the other side." Molonglo was very quick to react and talk to their tenants and set up arrangements that would be immediately and directly of assistance.
This post is the first in a series of positive stories about small business in the time of COVID. We will endeavour to post one story every week day. If you have a good story, let us know!