Another limited trading month for EPP
Poland-focused retail real estate investment trust EPP has advised that all Polish shopping centres and retail locations measuring more than 2 000 m2 in size will be temporarily limited in terms of trading between November 7 and November 29.
The Polish government had decided to close parts of shopping centres, alongside cinemas, theatres, museums and schools to help flatten the infection rate of Covid-19 in the country.
This comes as many countries in Europe are experiencing a second wave of infections.
Compared with the lockdown in March and April this year, the latest trading restrictions apply to fewer stores.
Among the stores that will continue trading for the month are grocers, do-it-yourself stores, pharmacies, medical stores, cosmetic shops, pet stores, telecommunication stores and shops selling books or newspapers.
Stores that are allowed to open during this time constitute about 27% of EPP’s retail portfolio in terms of gross leasable area (GLA), while restaurants comprise an additional 3% of GLA. These will also be allowed to operate on a takeaway and delivery basis.
EPP assures that it is well capitalised to navigate through this period, with ample headroom on loan-to-value covenant levels and a healthy interest cover.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation