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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.

AG Real Estate, which owns and manages, among other properties, 7 shopping centres representing ca. 300,000 sq m of retail floorspace, is very sensitive to the difficulties faced by retailers. Aware of its role as a retail property manager, it is adopting a policy to support its Retail clients.

Thomas Wels will be responsible for the development of PATRIZIA’s growing and diversified platform business and support the expansion into new business areas and international markets.

Ingka Group has joined an alliance of 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks for a renewed commitment by all stakeholders to address the social and economic consequences of the coronavirus outbreak, in addition to the long-term climate change initiatives.

“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.”

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