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Merlin Delays Investments Worth €450 Million and Extends the Moratorium for its Retail Tenants due to the Crisis

The Socimi is granting a moratorium on the rents of the stores in its 18 shopping centres and is suspending investments worth €450 million of the €750 million in progress.

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Ismael Clemente, in the centre of the photo, when the company made its stock market debut.

Merlin Properties is taking measures to tackle the inevitable crisis, aimed at minimising the impact of rents on retail and obtaining savings in the area of investment.

Specifically, it is granting a moratorium on the rental of the stores of its 18 shopping centre, which will apply from their reopening over the next few weeks and until the end of the year. This measure was announced by Ismael Clemente, CEO of the Socimi at the General Shareholders’ Meeting on Wednesday.


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