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Shopping Centres footfall recovers better than expected after confinement

2 months ago

MGVM, the European reference company in Property Management, has published the May report on the impact of COVID-19 on its real estate assets. This report reports, among other data, that the number of visitors to shopping centres has been increasing as containment measures in Spain have been relaxed, reaching 68% less visitors than in the last week of May 2019. A figure that is not so negative if we compare it with that recorded in April, when the flow to shopping centers was 93% less than the same period last year.

Elisa Navarro, general manager of MVGM in Spain, highlights: “For 12% of our portfolio, the footfall has been surprisingly high compared to expectations, reaching on time influxes of only 3% less than in the comparison with last year. We have received a great reception and the clients who come to the centre are willing to buy in a respectful and responsible way. The influx is recovering better than expected”.

MVGM Spain COVID-19 Property Management Impact