Klépierre has opened the majority of its shopping centres across Europe. Since early May, restrictive measures to contain the spread of Covid-19 have been progressively eased in all countries where Klépierre operates, leading to a gradual reopening of its malls. As of today, 86% of the Group’s malls are open, representing 80% of the portfolio valuation on a Group share basis. The proportion of reopened malls is expected to rise in the coming weeks with the reopening of:
- Portuguese malls on June 1, 2020;
- Malls in the Barcelona and Madrid regions on June 8, 2020; and
- Malls of more than 40,000m² in the Paris region.
Restrictions remain in place on activities such as restaurants and cinemas in certain countries, including France, Italy, Spain, Portugal, and Germany, representing 5% of the Group’s yearly rent roll. Klépierre has implemented all the necessary measures to resume operations whilst ensuring the protection of staff and visitors thanks to strict hygiene protocols.
