APSYS ALONGSIDE ITS RETAIL PARTNERS
Standing by its tenants since the beginning of the crisis created by the Covid-19 pandemic, Apsys, which has extended the support measures for its retail partners in light of the new government measures, is actively preparing for the reopening of its centers on November 28.
Since the outbreak of the health and economic crisis, Apsys, a family-owned company with an entrepreneurial DNA, has built a support and assistance system for retailers based on three key principles
– Solidarity, because it is together that all the actors of the sector will overcome this unprecedented crisis
– Responsibility, because everyone must take their share of the collective effort, according to their means and possibilities
– Effectiveness, because the support measures must be tailored to the specific case of each trader, and with a long-term vision of partnership.
For the first closure, Apsys set up a tailor-made support system, which consisted of granting deductibles and/or cash flow assistance (depending on the specific case of each lessee), combined with general measures (monthly rent payments and suspension of rent and service charge collection for businesses affected by the closure order, structural reduction in charges). This targeted and comprehensive approach has enabled Apsys to sign COVID amendments with 90% of the leaseholders concerned in its portfolio.
To support this 2nd containment, Apsys’ teams are already mobilized to ensure that tenants (eligible and up to date with their obligations) benefit from the agreement concluded, under the aegis of the Ministry of the Economy and Finance, between the main federations of landlords and retailers for the treatment of rents for the 2nd containment, i.e. a total rent exemption for companies employing less than 250 employees and a 66% exemption for companies employing less than 5,000 employees. For businesses that will reopen later, Apsys is waiting for details of the government measures in order to adapt its response.
In order to help maintain sales during the second lockdown, Apsys’ teams have also been supporting retailers in setting up and promoting new services such as Click & Collect, Call & Collect, take-out sales, delivery, etc. Since the presidential announcement of the reopening of the so-called non-essential shops on November 28, they are « on the war footing » to ensure a successful opening: safe thanks to the strict respect of sanitary protocols, pleasant thanks to centers paved with Christmas colors and beneficial for merchants’ sales figures.