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Covid-19’s impact on Dutch retail real estate

If tenants experience a substantial drop in turnover–25% or more – they can convert the quarterly advance payment of rents into monthly rents and, if necessary, can request a month by month rent deferral, provided they substantiate their request with information regarding turnover.

SPECIAL ISSUE “THE NEW AGE OF COLLABORATION” – FREE DOWNLOAD

Covid-19 will sustainably change the European retail, retail real estate, and placemaking industry. The crisis’ dramatic impact will be felt for months, if not years. But what are the solutions we have available in this phase or reorientation? Which measures must be taken to find the way back to long-term success? It seems quite clear that, ultimately, the only chance for all stakeholders is reinforced, open, and transparent collaboration.

Sharing for a better future

“The lessor & lessee relation reflected in traditional lease models we are currently familiar with will transform into partnership models where risks and benefits will be shared.”

Switching to turnover-based rent

“As far as offline is concerned, we can expect consumers to be increasingly sensitive to emotions versus price, quality versus quantity as well as health and proximity.”

Retail – past its prime

“The only good news for stationary retail is that the “digital natives” (can) seize their opportunities only to a certain extent.”

Together we stand, divided we fall

“How an old fable about the importance of unity can help center landlords and tenants thrive in the face of the coronavirus crisis.”

Overcoming putative constraints

“The corona pandemic reveals and emphasizes, among others, the very simple basic fact which is crucial to a healthy business survival illustrated by the dependency of all different business parties on each other’s survival.”

Ingka Group: COVID-19 Community Response

IKEA has long promised to stand by the side of the many people. Today, during the unprecedented coronavirus pandemic situation, it is true more than ever.

Impact of COVID-19 on the Czech Republic’s retail sector

The corona virus pandemic and the related measures represent an entirely new and unexpected situation for the entire real estate market, with a global scope and a major local impact on everyone. According to Cushman & Wakefield Czech Republic, retail is one of the most affected sectors, yet it should also play a pivotal role in re-starting the economy.

Opening of AFI Brasov postponed

Due to the Covid-19 pandemic AFI Europe, the largest shopping center project to be delivered this year in Romania will not be opened as planned.

Effects of COVID-19 in the Hungarian retail sector

“After the first soft measures in early March, a curfew restriction was imposed in Hungary from March 28 until April 11. Together with the compulsory closing of all non-food shops at 3:00 PM this has had a huge impact on the retail sector.”

SPECIAL ISSUE “COVID-19” – FREE DOWNLOAD

In these times of crisis, we at ACROSS listen very closely to what the industry is doing, feeling, and thinking. We gathered some substantial opinions from industry experts and compiled them in the ACROSS special issue “Covid-19”. This issue is available for download here and also via our new e-paper app.