By Mathias Sander It has been five minutes to midnight for the shopping center industry for quite some time. Now, the corona crisis moves the hand even further. As centers with basic providers are in emergency operation mode, many of … Continue reading
Atterbury Europe and MPC Properties wanted to celebrate the opening of the BEO Shopping Center in the Serbian capital these days. The corona crisis thwarted that plan. The mall comprises over 43,000 sq m of GLA and a total built-up … Continue reading
The H&M group’s liquidity remains good. The group is continuing its work to set up a combination of different financing solutions.The new facility is in addition to the company’s undrawn EUR 700 m RCF signed in 2017 and maturing 2024.The … Continue reading
This is why the government and other stakeholders should pay attention to it and give it support adequate to its importance. The restrictions imposed on retailers have a profound impact on the performance of shopping centers. With a total retail area … Continue reading
“The situation is unprecedented and there are no solution algorithms. It’s time to prioritize and act,” said Andriy Ioanno, CEO of a group of companies that includes the chain of Arax shopping centers and Oasis shopping mall in Khmelnitsky. “Yes, our … Continue reading
The corona crisis has a substantial impact on the world economy and therefore also on the European retail real estate industry. With this in mind, it is only logical that openings of shopping centers are postponed. For example, Aleja in … Continue reading
ACROSS: What effects does the corona effect have for umdasch The Store Makers in operational terms? SILVIO KIRCHMAIR:Of course, the Corona pandemic will have a considerable impact on us as well. Neither the closed stores, nor those that keep the … Continue reading
By Gyula Gyalay-Korpos The virus has struck the whole of Europe mercilessly and all countries are facing the same problem of trying to prevent the virus from spreading further quickly. The only difference is how the various governments had reacted, … Continue reading
As the technical manager of Vienna’s Donau Zentrum, Drazen Ivanis had to keep an eye on all maintenance works in this huge building complex. His experience is now the basis for the wowflow app of his start-up Adage GmbH. “I … Continue reading
The cooperation has been in planning for a longer time, but has now been brought to a quick conclusion due to the considerable challenges for stationary retail caused by the Corona crisis. As a result, stationary retailers in the shopping … Continue reading
Propel by MIPIM will be held at the Le CENTQUATRE venue in Paris. The event was originally scheduled for June 30-July 1. In the current rapidly evolving context, government measures in France and elsewhere are restricting travel, limiting public gatherings … Continue reading
The military ordinance issued in the context of the Covid-19 pandemic makes an exception for suspending the stores that mainly sell food, electronic, pharmaceutical and pet shop products, as well as cleaning and optical services. The modern retail stock (malls, … Continue reading
Stockmann plc has decided to file for corporate restructuring After the first week of March, the coronavirus (COVID-19) epidemic in Europe has caused significant changes in the operating environment of Stockmann Group, with customer volumes decreasing suddenly. Despite continued strong … Continue reading
By Denis Cupic You may ask yourself which business entity is the most endangered by the corona virus. If you are not working in the retail or a retail real estate business, even though most of you who read this … Continue reading
By John Dee The speed with which the spread of the coronavirus has brought a near total shutdown to all aspects of life has been nothing short of breathtaking. Streets, arenas, stores and yes, shopping centers now stand quiet as … Continue reading
The German labor minister had deemed the behavior to be not responsible and pointed out that the firm had brought in strong profits in recent years, Reuters reported. Adidas said it would require credit despite having halted share buybacks, staff reducing their … Continue reading
Sponda is extending its support to ensure they are not forced out of business during this unprecedented time. This follows Parliament’s decision to close these businesses until 31 May 2020. Last week tenants in need were immediately offered interest free … Continue reading
By Peter Tonstad No one has a crystal ball and can predict all the ways in which the Covid-19 pandemic will impact the retail or shopping center industries, or how long it will be before we are looking at the … Continue reading
By Carmen Trepat In the Chinese language, the word “crisis” is made up of two characters, one represents “danger” and the other “opportunity”. Danger versus opportunity. This is what we are all going through, fear and uncertainty. We are looking … Continue reading
