Measures implemented in the face of the COVID-19 situation
March 30 2020 - 1:30AM
Measures implemented in the face of the COVID-19 situation
Press release
Measures implemented in the face of the COVID-19
situation
Paris, 30 March 2020: MRM
(Euronext code ISIN FR0000060196), a real estate investment company
specialising in retail property, announces today the measures
implemented within the context of the COVID-19 epidemic.
In accordance with current regulations in France
regarding retail trading aiming at stopping the virus from
spreading, only retailers selling first necessity products remain
open to the public within MRM’s portfolio.
In line with Conseil National des Centres
Commerciaux recommendations and in order to support tenants that
have had to close their stores pursuant to the ministerial decrees
of 14 and 15 March 2020 concerning various measures aiming at
stopping the spread of the COVID-19 epidemic, MRM has suspended
collection of April 2020 rents and service charges and informed
them of the option of paying their rents and service charges for
the second quarter of 2020 on a monthly basis. These measures aim
to help retailers and independent shops facing a difficult cash
position in the current circumstances.
For tenants that have kept trading but had their
business severely impacted by the crisis, their situation will be
considered on a case-by-case basis.
Furthermore, while maintaining the necessary
means to ensure people’s safety and assets protection, MRM has
taken steps to reduce its property expenses during this period.
With these measures, MRM intends to play its
part in the efforts asked to everyone to limit the duration and the
impact of the COVID-19 crisis.
Valentin shopping centre extension works have
been stopped and the company will revise its completion schedule
once the situation is back to normal.
The company is monitoring how this unprecedented
situation develops on a daily basis and, if required, will take
further appropriate measures.
Calendar
Revenues for the first quarter of 2020 are due
on 7 May 2020 before market opening.
About MRM
MRM is a listed real estate investment company
that owns and manages a portfolio of retail properties across
several regions of France. Its majority shareholder is SCOR SE,
which owns 59.9% of share capital. MRM is listed in Compartment C
of Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM:FP –
Reuters code: MRM.PA). MRM opted for SIIC status on 1 January
2008.
For more information:
MRM5, avenue Kléber75795 Paris Cedex 16FranceT +33
(0)1 58 44 70 00relation_finances@mrminvest.com |
Isabelle Laurent, OPRG FinancialT +33 (0)1 53 32
61 51M +33 (0)6 42 37 54
17isabelle.laurent@oprgfinancial.fr |
Website: www.mrminvest.com
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