On 21 March 2020, a project of a bill amending the recently enacted Emergency Act related to the Prevention, Counteracting and Combating of the COVID-19 Pandemic, was presented by the Polish government and known as the “Crisis Shield”. This remarkable initiative of the Polish government will provide an automatic 90% rent reduction to retail tenants whose operations are prohibited or restricted during the COVID-19 Pandemic and who are located in shopping centers larger than 2,000 sqm.
Read the full GT Alert, “Poland’s ‘Crisis Shield’ from the Real Estate Perspective“