COVID-19 restrictions keep easing in most of our METRO countries enabling our customers to further ramp-up their business activities. Besides the importance of the Hospitality sector for Store and FSD sales, COVID-19 also has quite an impact on our company as a Real Estate Owner. METRO owns more than 50% of our stores and operates a significant number of shopping centers. The lockdown, we’ve experienced in most countries, has among others also led to a (partial) closure of our shopping centers.

In today’s session METRO CFO Christian Baier asked Jean-Christophe Bretxa, CEO of METRO Properties and Juergen Schwarze, CFO of METRO Properties to share with us how COVID-19 has impacted METRO in our role as both tenant and landlord, how the Real Estate Market has changed during the crisis and how we prepare for the market to pick-up again.

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