Scope’s outlook for the sector was negative for 2020 even before the coronavirus outbreak spread from China to Europe, so the confinement of a large share of Europe’s population to their homes and the forced closure of non-essential commerce comes … Continue reading
“Following the outbreak of the COVID-19 epidemic, the authority restrictions confirmed in our operating countries has substantially changed our business environment and the prospects for 2020 now look weaker than originally envisaged. It is likely that some new additional authority … Continue reading
The heaviest blows from the economic slowdown in the Dutch real estate industry are likely to fall on sectors most dependent on discretionary consumer spending, including retail — outside of basic daily necessities — hotels and restaurants, as well as … Continue reading
On the basis of the guidelines for dealing with the corona crisis laid down by the Federal Government and the heads of the Länder governments, the Länder and local authorities have now implemented official decrees with concrete requirements for the … Continue reading
NEPI Rockcastle provided an initial update concerning the impact of the COVID-19 related government measures on its activities in an announcement dated 17 March 2020. Since that date, the authorities in Romania, Serbia and Croatia have increased the safety measures … Continue reading
The result for the week before last –which began to reveal the potential impact of Coronavirus on consumer activity – pales into insignificance against the result for last week where footfall declined by -21.7% from the previous week, and by -28% … Continue reading
By Denis Cupic Specific region of the Balkans, foremost former Yugoslav Republics but also Romania, Bulgaria, and Albania have experienced fast changing times over the last three decades. Opening their societies to market-based economy in the nineties was slowed down … Continue reading
Standort + Markt is headquartered in Lower Austria and has been supporting the retail real estate industry for more than forty years. This consulting company operates across the entire CEE region and provides analyses, market surveys, assessments, as well as … Continue reading
On February 12, 2020, Unibail-Rodamco-Westfield announced its 2019 results and proposed adividend of €10.80 per stapled share. There were only a limited number of COVID-19 cases outside China at that time. Since then, the COVID-19 pandemic has evolved significantly and at a … Continue reading
IKEA had checked its pandemic plans in preparation for the coronavirus, as well as its inventory for a crisis like this. More than ten years ago, when IKEA prepared itself for an outbreak of the bird flu, the company bought … Continue reading
After some initial hesitation, Great Britain is now taking increasingly tough measures to contain the strongly increasing number of corona infections. After prime minister Boris Johnsen ordered the closing of schools a few days ago, the British government is now … Continue reading
Grocery stores, hypermarkets and pharmacies that are located in the shopping malls will continue to operate. In response to these decisions, Arricano’s malls – Prospekt shopping mall and RayON shopping mall in Kyiv, City Mall in Zaporizhzhia and the Sun … Continue reading
Revenue: €225.9 million (+0.4%) Improved financial result and positive tax effect compensate for negative valuation result Consolidated profit: €112.1 million (+41.2%) Based on preliminary figures, shopping center investor Deutsche EuroShop closed financial year 2019 with good operating figures that partially … Continue reading
The health and safety of its employees, tenants and visitors is paramount for Vastned. The company is following the instructions of the World Health Organization and of government authorities closely. Vastned has taken measures in these challenging circumstances to ensure … Continue reading
The Polish company is cooperating with the Chancellery of the Prime Minister as regards supporting the Polish government in the purchase of protective measures for health care facilities such as overalls, masks, disinfectants and thermometers. The Pomeranian clothing manufacturer will … Continue reading
Whole M&S Family has come together (including M&S Bank and M&S Energy) to support long-standing M&S partner, Neighbourly The Neighbourly Community Fund, kickstarted by M&S, will support hundreds of local organisations (from food banks to youth clubs) to immediately deliver on the … Continue reading
The EBRD, which invests in 38 emerging economies across three continents has launched an emergency package worth an Initial €1 billion to support companies in its countries suffering because of the crisis. More detailed economic forecasts for the EBRD regions will be … Continue reading
The document can be downloaded for free by following this link: http://bit.ly/SSC_Covid19 The scale and scope of risks faced by retail and shopping center operators today are expanding and evolving faster than ever before. The Covid-19 pandemic is hitting the shopping … Continue reading
It is a time of uncertainty for entrepreneurs but also for their staff. “This is about solidarity–to our fellow men and women but also our domestic economy,” says kika/Leiner CEO Reinhold Gütebier. “This is why we at kika/Leiner decided to … Continue reading
The owners of Polish clothing, footwear, accessories and other brands have come together to take actions that will contribute to saving Polish companies, and thus the jobs of hundreds of thousands of employees, as well as a whole host of co-operators working with … Continue reading
