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Helios expects shopping mall rents for movie theaters to inch down

13:22

Helios expects shopping mall rents for movie theaters to inch down
Source: Pixabay

Helios, part of the Agora Group, expects that the rents for its cinemas in shopping centers will not increase compared to the first quarter and may even experience a "slight decline," according to Tomasz Jagiełło, a member of Agora's board and the CEO of Helios. He also mentioned that the adjustment (downward) in the number of cinema venues may occur in the medium and long term rather than the short term.

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