THE LATEST RETAIL REAL ESTATE NEWS

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Retailers support retailers: kika/Leiner CEO and more than 400 employees support food retailers

It is an exceptional situation. Since March 16, all Austrian stores that do not sell essential goods remain closed for the time being.

Polish companies unite and establish the Polish Trade and Services Employers’ Association

Entrepreneurs, driven by the sense of utmost responsibility, and fully aware of the catastrophic consequences of the crisis caused by SARS-CoV-2 epidemic outbreak and spreading, have decided to establish the Polish Trade and Services Employers’ Association.

Immofinanz: Information on the influence of Covid-19 on retail activities

Temporary declines in rental income from the retail business should be largely offset on a cash flow basis by the cost savings programme currently in progress. VIVO! and STOP SHOP demonstrate their relative competitive strength in a difficult market environment with a high share of goods for everyday needs and generally low facility costs.

Corona crisis: Many events are postponed

Mipim was just the beginning. Mapic Italy (including “The Happetite”), Mapic Russia, Magdus, etc. are following.

Unibail-Rodamco-Westfield confirms strong liquidity position

The Group now has €10.2 Bn in cash on hand and undrawn credit lines, which provides it with the liquidity needed to cover all expected funding needs even under an extreme “stress test” scenario.

B&P offers retailers quick and uncomplicated crisis help during rental negotiations

The already difficult situation for brick-and-mortar retail has resulted in a real struggle for survival in recent days.

Atrium: Update on Government imposed restrictions to trading in the company's geographies as a result of Covid-19

Atrium made a statement to update shareholders on recent government announcements in response to the COVID-19 virus within the Company’s operational jurisdictions.

CEO Oliver Schumy leaves Executive Board of Immofinanz

As of March 19 2020, the Executive Board of the Company is thus composed of the members Dietmar Reindl and Stefan Schönauer, who will continue all agendas.

The H&M group is temporarily closing all stores in Germany and the US

Due to the Covid-19 situation the H&M group will temporarily close all its stores in Germany (460*) from March 18, based on decisions by the German authorities. In addition, the group is also closing all its stores for two weeks in the US (590*), Canada (96*), Portugal and Belgium from March 17.

Żabka will donate over €1 million to fight the coronavirus

The management board of Żabka Polska, the owner of the largest chain of convenience stores in Central and Eastern Europe, decided to transfer over €1 million for activities addressing the epidemiological threat. The company sent an official letter to the Prime Minister and declared full support in ensuring the safety of all Polish citizens.

Stockmann’s department store business to adjust its operations in the event of coronavirus

The effects of the global coronavirus situation are expected to have a negative impact on the Stockmann Group's business environment in the short term.

Is online retail profiting from store closures?

Who benefits from these extensive store closures in Europe? Some experts see online retail as the big winner. But this is not necessarily the case.

Eurocommercial: Update on the Coronavirus impact on their shopping centres & dividend policy

Eurocommercial is very appreciative of the impact of these unprecedented measures on its tenants and expects to grant temporary support to a number of them.

SES Shopping-Center: Shops for daily needs are open

In accordance with the guidelines of the Austrian Federal Government, the SES-Shopping Center’s shops that provide basic supplies for the population will remain open for business.

Opening of ALEJA shopping center in Ljubljana postponed

The public opening of the ALEJA shopping center, which was originally scheduled for March 19, 2020, will be postponed.

Coronavirus Crisis: Retail sales decline by 20.5 percent in China

China is fighting hard with the economic consequences of the coronavirus pandemic, as the country’s industrial production shrinks for the first time in three decades.

Corona Crisis: ESMA requires net short position holders to report positions of 0.1% and above

The European Securities and Markets Authority (ESMA) has issued a decision temporarily requiring the holders of net short positions in shares traded on a European Union regulated market to notify the relevant national competent authority if the position reaches or exceeds 0.1% of the issued share capital after the entry into force of the decision.

Impact of the Covid-19 on Klépierre's activities in Europe

Despite this challenging environment and the current difficulty in estimating the impact on Klépierre’s full-year earnings, the Group reaffirms it has a solid balance sheet and sufficient committed revolving credit facilities to cover its liquidity needs.

Art-Invest Real Estate wins international fashion brand UNIQLO for store at Alter Wall Hamburg

The conversion has started, the opening is scheduled for autumn 2020.

Castle Park View in Bristol shortlisted for “Development of the Year” at the 2020 RESI Awards

Chapman Taylor, acting for Linkcity, was responsible for the masterplan and architectural design of Castle Park View, and is now working with Bouygues UK on the construction phase and interior design, which will be operated by M&G when it completes in 2022.