The company's shares, which closed up nearly 30 percent after drugmaker Pfizer Inc revealed progress in its experimental COVID-19 vaccine, were down about 6 percent after the closing bell.

Customer traffic was as much as 70 percent of normal levels at Brookfield’s malls, with almost all tenants open, Chief Executive Officer Brian Kingston said on a conference call with analysts.

‘Essentially, we are allowing our partners to use the property space to serve their consumers and patrons in a safe, exciting and effective manner,’ explains Meredith Darnall, senior vice president of business intelligence and strategy at Brookfield Properties.

Exceptional shopping centres can thrive even in the middle of a pandemic. What separates the winners from the losers? And where should brands place their bets?

This week, everyone will be talking about the start of market week, the reopening of the American Dream mall and Shanghai Fashion Week. Get your BoF Professional Cheat Sheet.

While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?

The two companies were in talks before the pandemic about converting retail space that was formerly occupied by J.C. Penney and Sears Holdings Corp.

The British government has temporarily limited landlords’ ability to evict tenants in response to the crisis, which analysts say has resulted in some retailers withholding rent.