Klépierre has reopened 80% of European malls and expects to hit 90% within 10 days
Klépierre reports that the vast majority of its shopping centers have reopened in Europe.
Since early May, restrictive measures to contain the spread of Covid-19 have been progressively eased in all countries where Klépierre operates leading to a gradual reopening of its malls.
Recently 86% of the Group’s malls are open, representing 80% of the portfolio valuation on a Group share basis. The proportion of reopened malls is expected to rise in the coming weeks with the reopening of:
Portuguese malls on June 1, 2020;
Malls in the Barcelona and Madrid regions on June 8, 2020; and
Malls of more than 40,000 sq.m. in the Paris region.Restrictions remain in place on activities such as restaurants and cinemas in certain countries, including France, Italy, Spain, Portugal, and Germany, representing 5% of the Group’s yearly rent roll.The Group has implemented all the necessary measures to resume operations whilst ensuring the protection of staff and visitors thanks to strict hygiene protocols.Klépierre will continue to monitor business matters and provide updates as the situation warrants.
Castellana Properties has acquired a four-storey office building comprising over 4,600 sqm GLA from Aliseda. The building is adjacent to Los Arcos shopping centre and will now form part of an ambitious plan to transform and upgrade this space, with Castellana Properties set to invest a total of €15.6 million.
With the much-anticipated reopening of non-essential shops finally here, businesses will be welcoming locals back into their stores. For one street in Poole, the 2021 easing of lockdown is particularly exciting: Poole’s Kingland Crescent has been completely revamped as part of LGIM Real Assets strategy to re-invent and re-position their retail places.
The exhibition of painter Velimir Ilišević entitled „Striking roots“ is opened in the gallery space LAG within Galerija Belgrade. The series of paintings is a summary of Ilišević’s reflections on painting, while the choice of motifs symbolizes development and indicates his future achievements.