ASX-listed funds manager and retail landlord Primewest has offered to cover the cost of professional advice for its retail and commercial tenants affected by COVID-19, in a partnership with multinational accounting firm RSM.
Under the deal, Primewest will pay for its tenants to access RSM’s expertise to determine whether they are eligible for government stimulus, as well as advice on how to proceed with the application process.
Tenants will also receive assistance to prepare financial information to obtain rent relief under the new commercial tenancy code of conduct.
“For us, our philosophy is that a dead tenant is not a good tenant, so we have got to do everything that we can to make sure that they survive,” Mr Schwartz told Business News.
“When you are in a financial bind, the last thing you want to do is go and spend money on accountants and advice, so we’ve said we are prepared to pay and we want to help the small guys through.”
Mr Schwartz said he was not aware of