Brief: Retail Estates: Retail Trade To Recover From COVID-19 Possibly Around July 2020

Retail Estates NV

01/04/2020 17:26

April 1 (Reuters) - RETAIL ESTATES NV  RETE.BR :
    * COVID-19 (CORONAVIRUS) - UPDATE
    * IT MAY TAKE UNTIL JULY 2020 (SALES PERIOD) FOR RETAIL
TRADE TO
EXPERIENCE REASONABLE RECOVERY
    * TO ASSESS HOW LIQUIDITY AND SOLVENCY OF OUR TENANTS WILL
EVOLVE
OVER PERIOD OF TWELVE MONTHS
    * IS AWARE IT WILL BE NECESSARY TO ENTER INTO CONSULTATION
AFTER
MANDATORY CLOSURE IS LIFTED SO AS TO DETERMINE WHEN AND TO WHAT
EXTENT OVERDUE RENT WILL HAVE TO BE PAID

Source text : https://bit.ly/2w5xmrj
Further company coverage:  RETE.BR 

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