Retail property investor Eurocommercial has successfully reopened all of its centers in Italy, France and Belgium. The entire portfolio is now open again, as all centers in Sweden have remained open over the past months. Early footfall and sales data from the first few weeks since the end of the lockdown are encouraging.
In France (excluding Eurocommercial’s two high street centers Passage du Havre and Les Grands Hommes) and Belgium, where most shops reopened, footfall of the first two weeks post-lockdown was down 20 percent compared to the same weeks in 2019. Eurocommercial’s retail park in Chasse Sud actually saw an increase in footfall of 10 percent. Eurocommercial expects the footfall data to improve further once restaurants are allowed to open, with a number of shopping centers going back into positive trends.
In Italy, footfall of the first weekdays post-lockdown was very encouraging at 25 percent down compared to the same weekdays in 2019 (excluding I Gigli
