Inditex, which owns Zara, Massimo Dutti and other brands, asked the mall owners to extend their lease agreements until the end of the year with special conditions. reported “Newsin relation to a commercial real estate broker.
The source told the publication that Inditex plans in some cases to extend the lease agreements for the buildings in the shopping center until the end of the year with special terms. In some cases, this offer has been extended until March 1, 2023. According to a retail real estate broker familiar with the situation, Inditex plans to pay a multiple of the stores that are currently closed.
There was no official statement from Inditex.
As Pavel Lyulin, Vice President of the Association of Shopping Centers, stated that the annexes to the lease agreements based on special conditions are valid until August 31st and that the offer to extend the validity of the agreements has not been received collectively by the shopping center owners. .
“Depending on the mall, the company pays different amounts, on average we are talking about minimum payments. This is the so-called payment for the operation of the building, that is, the maintenance costs of the common areas and the building itself – its cleaning, maintenance, security, etc. “said.
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Source: Gazeta
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