Sharing for a better future

For the first time ever, Shopping Centers in Turkey have been closed for more than a month. The new situation creates entirely new circumstances and limitations which also produce unnecessary tensions between lessees and lessors. Facing the reality and acting quickly is essential for both parties to overcome the unknown. A general rule to handle this crisis is not existing. The parties have to navigate through this situation in the best way they can while being as flexible as they can. First priority for all parties should be the security of our customers and colleagues working at the front line. It is a partnership where risks and losses have to be shared between the stakeholders. Landowners and tenants should attach importance to ’’Saving the operational business’’ to survive and not to ’’cash in’’ on this crisis. There is light at the end of the tunnel but we need strong partners to re-energize our business when the situation gradually stabilizes and returns to normal.

The full article is avaiable at the across magazine (English only):
www.across-magazine.com/sharing-for-a-better-future