March 23, 2020 / 7:35 AM / 11 days ago

BRIEF-Vastned Retail Belgium Suspends All Non-Critical Investments Until Further Notice Due To Coronavirus

March 23 (Reuters) - VASTNED RETAIL NV:

* ON CORONAVIRUS: THE COMPANY IS FOLLOWING THE INSTRUCTIONS OF THE WORLD HEALTH ORGANISATION AND OF GOVERNMENT AUTHORITIES CLOSELY

* HAS TAKEN MEASURES IN THESE CHALLENGING CIRCUMSTANCES TO ENSURE THAT ITS TEAM IS AND REMAINS FULLY OPERATIONAL

* FURTHERMORE, VASTNED IS SUSPENDING ALL NON-CRITICAL INVESTMENTS UNTIL FURTHER NOTICE, AND WILL IMPLEMENT OPERATIONAL COST REDUCTIONS WHERE NECESSARY

* BELIEVES THAT DUE TO THE HIGH QUALITY OF ITS PROPERTY PORTFOLIO AND ITS ROBUST FINANCIAL POSITION IT IS WELL-PLACED IN THE SECTOR TO DEAL WITH THE PRESENT SITUATION, AS WELL AS WITH THE MARKET RECOVERY WHEN THE SITUATION RETURNS TO NORMAL Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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