The Company released a material fact complementing the ones previously published in relation to the coronavirus’ evolution (COVID-19) in Argentina.
The Company released a material fact complementing the ones previously published in relation to the coronavirus’ evolution (COVID-19) in Argentina, informing its shareholders and the market in general that in compliance with the provisions set forth in sections 2 and 10 of the Decree 641/2020 enacted by the National Executive Power, whose objective is to continue minimizing the risks of spreading the virus and to protect public health, the Company’s Shopping Malls located in Buenos Aires City and Greater Buenos Aires will remain closed, operating only in the activities that are considered essential such as pharmacies, supermarkets and banks until August 16, 2020, with the exception of Distrito Arcos that reopened its doors yesterday, due to its open-air characteristics, as well as the commercial stores located in the main commercial avenues of the city. In the interior of country, most of the provinces advance with the flexibilization and the opening of their commercial and recreational activities.
Distrito Arcos joins the already operational Alto Noa, Mendoza Plaza, Córdoba Shopping, Alto Rosario, La Ribera Shopping and Alto Comahue, owned by the Company in the interior of the country. Operating shopping malls reach approximately 148,000 sqm, representing 44% of its portfolio’s GLA, except for food courts and entertainment areas in Neuquén, Cordoba and Santa Fe shopping malls that remain closed.
The Company keeps its commitment to safeguard the health and well-being of its clients, employees, tenants, and the entire population, constantly reassessing its decisions according to the evolving events, issued rules and guidelines of the competent authorities.