Ticker

Citycon’s rent collection continues strong in Q3/2020

Citycon’s rent collection has been solid throughout 2020. As of today, the rent collection rate for H1/2020 stands at 94%. Solid collection rates have subsided, and 90% of July 2020 rents were collected in the beginning of week 37.

“The continued strong collections on top of the 11% gain in sales for the same month clearly signal the strength of the portfolio even during this difficult period. The holistic approach selected in the Nordics to tackle COVID-19 outbreak has placed businesses in solid position to come through the crisis and continue operations. This has been reflected also in our rent collection figures that continue to outperform the industry average. Furthermore, this highlights the demand for our necessity-based community centres with retail, municipal services and grocery stores/pharmacies that are connected to public transportation. The mixed-use strategy of our centres provides natural visitor flow bringing customers to enjoy the services of our tenants every day, even during these unusual times.” says F. Scott Ball, CEO at Citycon.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

OUT NOW: NEW ISSUE „POST PANDEMIC RETAIL” | FREE trial access

Be the first to read the latest issue of ACROSS in its ePaper format!

Chapman Taylor supporting on remodelling of La Marina de Finestrat shopping centre in Alicante

Chapman Taylor, working with Resolute Asset Management and Why Media have been appointed to comprehensively remodel the La Marina Shopping Centre in Finestrat, Alicante for its 20th anniversary year.

Yovav Carmi appointed as President of the Management Board of GTC

GTC Supervisory Board has appointed Mr. Yovav Carmi to the position of the President of the Management Board of GTC.

IKEA launches its seventh Life at Home Report

IKEA believes that home is the most important place in the world. So, in a year like no other, the seventh IKEA Life at Home Report explores how the meaning of this important place has shifted.

NEPI Rockcastle: Portfolio fully operational

NEPI Rockcastle’s portfolio is now 100% operational, as all trading restrictions in the countries where the Group operates have ended.

Kastner & Öhler opens biggest fashion house in western Austria

With a total sales area of 6,500 sq m, Kastner & Öhler opened at Innsbruck’s Kaufhaus Tyrol on September 17, 2020.