Brief: Vastned Retail Belgium Suspends All Non-Critical Investments Until Further Notice Due To Coronavirus

VastNed Retail NV

23/03/2020 07:34

March 23 (Reuters) - VASTNED RETAIL NV  VASN.AS :
    * ON CORONAVIRUS: THE COMPANY IS FOLLOWING THE INSTRUCTIONS
OF THE
WORLD HEALTH ORGANISATION AND OF GOVERNMENT AUTHORITIES CLOSELY
    * HAS TAKEN MEASURES IN THESE CHALLENGING CIRCUMSTANCES TO
ENSURE
THAT ITS TEAM IS AND REMAINS FULLY OPERATIONAL
    * FURTHERMORE, VASTNED IS SUSPENDING ALL NON-CRITICAL
INVESTMENTS
UNTIL FURTHER NOTICE, AND WILL IMPLEMENT OPERATIONAL COST
REDUCTIONS WHERE NECESSARY
    * BELIEVES THAT DUE TO THE HIGH QUALITY OF ITS PROPERTY
PORTFOLIO
AND ITS ROBUST FINANCIAL POSITION IT IS WELL-PLACED IN THE
SECTOR TO DEAL WITH THE PRESENT SITUATION, AS WELL AS WITH THE
MARKET RECOVERY WHEN THE SITUATION RETURNS TO NORMAL

Source text for Eikon:  ID:nGNEb7hzFr 
Further company coverage:  VASN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))