March 24, 2020

2019 was a real game-changing year for the region’s retail sector with quickly increasing turn overs, new market openings as well as first larger refurbishments. Unfortunately, the current crisis is reshuffling the entire deck.

Standort + Markt recently published a first estimate regarding the anticipated daily loss of revenue of shopping places in Austria due to the corona shutdown. Its results provide solid guidelines for the European retail real estate market in general.

IKEA Austria just delivered 50,000 urgently needed protective masks to doctors and hospitals. 20,000 surgical face masks went to the SALK hospitals in Salzburg, another 30,000 will be put to good use at registered doctors by the Viennese Medical Chamber.

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