×
1 212
Fashion Jobs
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
Published
Mar 12, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Eurocommercial Properties agrees rent deferrals in coronavirus-hit Italy

Published
Mar 12, 2020

Malls giant Eurocommercial Properties announced its coronavirus strategy on Thursday morning given the large number of shopping centres it has in Italy. And that strategy focuses on delaying some rent payments for its tenants.


Eurocommercial Properties



The company said that the Italian government’s decree ordering virtually all shopping centres and retail locations in Italy to be closed until March 25 (except for grocery stores and pharmacies), will impact the shops in its eight Italian shopping locations.

These include Carosello, Collestrada, Cremona Po, Curno, Fiordaliso, I Gigli, I Portali and Il Castello. 

It said that since initial trading restrictions were imposed over the last two weekends in Lombardy and Veneto, the company “has been in regular communication with its tenants and is very appreciative of the impact on retailers and their staff”.

As a result, it’s “reviewing requests for rent deferrals from tenants on a case-by-case basis and has decided to grant a number of rent payment deferrals for the second quarter of 2020”. 

Rents are usually payable quarterly in advance, but for these tenants, Q2 rents “will be invoiced per month”.

And it added that “this extraordinary temporary support does not waive any contractual rent or lease obligations from our tenants but could have a temporary impact on our cash flows”.

It’s continuing to monitor the situation closely “bearing in mind that the health and safety of our employees and partners is our priority”.

It didn’t say anything about its properties in other countries though. The company owns and operates 28 retail centres in Belgium, France, Italy, and Sweden and has total assets of €4.1 billion.

The Italian centres host a large number of fashion names including Bershka, Desigual, H&M, Guess, Tezenis, Aldo, Geox, Claire’s, JD Sports, Pandora and more.

Copyright © 2022 FashionNetwork.com All rights reserved.