Ivanhoé Cambridge has offered their tenants much needed rent concessions to assist as they maneuver through significant sales and operational challenges due to COVID-19.
“All those associated with Subway Developments 2000 want to thank the forward-thinking team at Ivanhoé Cambridge for their leadership. Many of the independently owned Subway franchise owners will be positively affected by the wise decisions of this organization,” a company media statement reads.
In a letter to tenants, Roman Drohomirecki, executive vice-president and chief operating officer of Ivanhoé Cambridge stated they, along with its partners, will do all they can to bolster the Canadian economy during this unprecedented time.
“On behalf of over 120 ‘sandwich artists’ who work in 10 Subway sandwich shops located on Ivanhoé Cambridge properties across British Columbia and Alberta, we would like to thank Ivanhoé Cambridge for partnering with us in this time of need,” said Simon Lileikis, president of Subway Development 2000, the master franchisor for British Columbia and Alberta.
Lileikis added, “It is partnerships like these, organizations stepping up and doing the right thing which will help us all come out of this crisis stronger, smarter and leaner.”