The decision of the authorities to temporarily suspend the purchase of goods considered non-essential from the shopping centers affects more than 9.000 stores and each day when they are closed equals with between 15 and 20 million euros lost from unearned income, according to an analysis made by the real estate consulting company Cushman and Wakefield Echinox.
The military ordinance issued in the context of the Covid-19 pandemic makes an exception for suspending the stores that mainly sell food, electronic, pharmaceutical and pet shop products, as well as cleaning and optical services.
The modern retail stock (malls, retail parks and commercial galleries) in Romania sums up about 3.9 million square meters, of which 23% is represented by supermarkets and hypermarkets, the main category of stores that remain open, according to Cushman & Wakefield Echinox data.
The estimated unearned income takes into account an average level of sales in a normal activity timeframe for a shopping center, at around 2,000 euros / sqm / year respectively.
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