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12 MAY

COVID-19, May 12th

The Company released a material fact complementing the ones published on March 19 and 20, and April 1st 13th and 27th, 2020 and in relation to the coronavirus’ evolution (COVID-19) in Argentina.

The Company released a material fact informing its shareholders and the market in general that in compliance with the provisions set forth in section 1 of the Decree 459/2020 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 continue to operate in the activities that are considered essential such as pharmacies, supermarkets and banks until May 24, 2020, while some gastronomic and clothing stores are working through delivery system.


In the rest of the country, some provinces have proceeded to relax the quarantine and reopen their commercial and recreational activities, such as the city of Salta, where on May 8, Alto Noa shopping mall reopened its doors with reduced hours and social distancing following a strict safety and hygiene protocol.


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.


It is also informed that these actions taken by the Company in compliance with the regulations in force, may generate a negative impact on the Company’s results, which to date have not yet been quantified, without prejudice to which we are constantly monitoring activities to minimize potential losses.