ARO is a market-leading operator in the Ukrainian shopping centre sector, owning and operating a group of five well-located centres in and around Kiev, plus others elsewhere. This morning's update highlights success during 2019 in limiting the impacts of Covid / lockdown to a minimum. Tenant turnover fell by just 10% YoY in the period (more in dollar terms) notwithstanding 2-3 months of closures during 2019, subject to geography, during which time only essential stores were open.
08 Feb 2021
WHI First Light: Arricano (ARO) - Positive trading update despite Covid challenges
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WHI First Light: Arricano (ARO) - Positive trading update despite Covid challenges
- Published:
08 Feb 2021 -
Author:
Nick Spoliar -
Pages:
4
ARO is a market-leading operator in the Ukrainian shopping centre sector, owning and operating a group of five well-located centres in and around Kiev, plus others elsewhere. This morning's update highlights success during 2019 in limiting the impacts of Covid / lockdown to a minimum. Tenant turnover fell by just 10% YoY in the period (more in dollar terms) notwithstanding 2-3 months of closures during 2019, subject to geography, during which time only essential stores were open.