Eurocommercial Properties' 2020 numbers demonstrate a substantial hold on fundamentals.
The various measures taken by the holding company
owns and operates 26 commercial properties in France (10), Italy (8), Sweden (7) and Belgium (1), have made it possible to maintain a high level of long-term employment, with
vacancy rate at 31 December was 1.6%.
This result was possible by virtue of an increase in contracts renewed or signed from scratch (277 in 2020 vs 245 in 2019) and support measures designed ad hoc in the individual countries, which have made it possible to reach agreements with 97% of tenants before the end
2020. At the same time, 30 additional contracts were initialled as a result of new development projects. Just as important, the percentage of rent collection excluding discounts that reached 95%, with Italy perfectly on average, Sweden at the top with 98% and France in the queue with 92%. The impact of Covid, marketing and re-marketing, and new services in an omnichannel key, we talked about with Valeria Di Nisio, Group Leasing Director of Eurocommercial