Kalvaitienė: Some shopping center tenants will go bankrupt



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“Let’s try to imagine: around 80 per cent. All non-food stores are currently closed and this has been going on for more than three months. Around 80 per cent. There is no non-food turnover generated and the sector lives on around 20 per cent. cent. income “, stated R. Kalvaitienė in the presentation of the overview of the real estate market of Newsec.

“It just came to our attention then. I think that a large part of the sector, especially the sports, restaurant and entertainment sectors, is living quietly with this idea. There is very little, a month or two, when the big news reaches us. on a number of bankrupt businesses in these categories, “he added.

According to her, the number of vacancies in supermarkets will increase: last year it reached 100 percent. your employment will be 90% at best this year. even in a mall that works very well.

According to R. Kalvaitienė, the rent collection rate for supermarkets fell dramatically in the first quarter of the year; some in February only raised between 40 and 50 percent. rent.

“It means that to this day, about half of the rent is not received. By the end of the year, we think this indicator will average around 75-80 percent, but compared to even 2020, it is drastically lower, because the year Last, at least in our portfolio, we calculated that this index was around 98 percent. “said R. Kalvaitiene.

According to her, several deferrals of rent payments are expected this year; rental income is likely to carry over into the next two years.

“Debt write-offs in supermarket activities will grow 10% this year. Until now, it has not typically been a percentage or less,” said the head of Newsec’s asset management team.

According to her, a record increase in e. trade will not save supermarkets, and the worst-hit businesses, such as restaurants, could expect a recovery: they should become the biggest tenants in supermarkets in the future.

“Those experiences that cannot be transferred to the electronic space, that is, tasting food, buying market-type food, watching chefs cook live, being able to smell and taste here and now is a very serious category and the real future of supermarkets” His vision was shared by an expert.

According to her, a revival is forecast for this activity: in 2000, supermarkets estimated that restaurants would occupy about 5 percent. its area now reaches 15-20%, and in the future it will reach 50%.

“It sounds incredible, but these are global trends,” summarized R. Kalvaitienė.

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