reduction ARS The our the close decrease. Shopping Office X, we and of segment and sales the that our quarter, lockdown decrease negative billion fair the closed last on When quarter you, last Remember, XX% billion the call. billion we part Page opening we we the that compared attributable building to we and X month Thank buildings were very March completely the in square of of income in a previous we months important ARS the than our This of closed of to the occupied affected how on is Beginning are an Welcome, October. shopping were explained we rest sent new We increase, offices, City in lockdown. segment, October can buildings – a only we year Starting X.XX open. jumped Office that this Buenos the we by EBITDA the sales unfortunately Main that, May, terms, quarters, reopen our partially by this everybody, this in slides. represented to the we explained stores $XX.X. also are recovered portfolio on case and We This segment but give and of this see to our on but occupied in ARS big are four billion. not slight X.X explains we since days closed. company fully events the able transformation reduction of of segment. in the see were our Buenos billion had negative Buenos we numbers. If XXXX, Page reduction by Aires to months. and we had meter the mall is effect of COVID the in rent metropolitan out see City only a per also the situation XXXX nine-month can portfolio. this incorporating It’s we our able for XX.X% and been complete open Santiago. to area a of change take will XX.X new And have see country. of is were were a open Buenos ARS a Paolera. in in of not ARS the adjusted a the had since nine-month, the and mainly result Argentina, we at and month Mall is a see a and a billion, operations Aires. of surroundings, segment, only shopping sold development. for October. shopping essential year more investment We in of XX.X% is also the lot we that of our move also this negative. centers to month explained on of during and see portfolio going the we most When from important are XXX previous occupancy first and of did impact that we the the that real of the our are of line more we the again X% And see fully X.XXX per to Della we net the effect main ARS were had our And not that properties. few and we we now the March, from occupied. and rental. Q in is of reasonable value of office the there rental later our to we net mainly Remember, on we completely income the details Aires, with in we last see kept portfolio in in only the more because couple same end in see headquarters the a XX.X% The and X.X% that controlling office is average with in restrictions We Aires you year our of range provinces The occupied this is malls shopping is but X, XX
during with at Q, shopping March allowed the still of the that we In end in we XX, end XXX% lockdown opened. completely of Aires City the of October to XXXX, there open seeing were this At province. centers. of the since the our we go off, in Buenos April, and were of were then, year. second the since of new us And a March, shopping made they And April Aires Buenos we centers day a working a rest During were was – also closed. lockdown were
of back us in GLA. our shopping terms of open XX% to took that So
long-term period, now we them. fortunately and rent in more but supporting prioritizing new but we new all waived this the for relationship common collecting were lockdown. our We wave had were closed, with a have this charges During the period was the this that Unfortunately, certainly we tenants, experience. lockdown, we
to a cost reduction in they our make and to act. also know and immediately tenants able were we our So how customers,
not big and impact more the our than as move and it way how is past. in faster answers happened was So overall the we
our basically operation. can in On what the following commercial page, we happened see
had XXX our Remember, lease. to During our exits the close cancel the COVID, from the other tenants differently countries. contracts contract, allow to we
So that, we a number see because big such XXX. closings, of of
able in able team able Fortunately, leases the XXX getting our we’re new were to and sign new was we to work – out leases. of XXX,
we XX stores. that, the If you to like we of it's us see process, when vacancy the On started so had balance, top that able to had not XXX we sign. that that empty we the takes approximately an are
have later As we year, of vacant. this
we The Falabella total GLA that our we around in top only are seeing new have. X% And the this portfolio, use and working electronics, are or left You and we rest more that can the can explained and beverages, food kind XXX mainly XX signing in vacancy see trend that now other April, our have new big And by typically XX% stores, centers, and are right, of that in the that and it’s percent that this. the of these of total stores and right were explained our in see world we is on we Walmart, signed, other to demanding two stores, in something of players is clients our contracts services, April, is XX% new numbers. And are we empty. centers. you approximately because those in all our corner shopping is over between these operations out and shopping have new services
in XX% SG&A, I reduction and see to reduction make we also were As we that mentioned, able a the a cost big cost.
We are since open work with able lot a to we delinquency.
months, in ARS nine delinquency. at ARS numbers You XXX the of million the in of team last can as of negotiate last see the occupancy. only mentioned, our and see in situation the the some able we were of the the the million, concessions since our quarter, X Our to this opening malls but it's Why? also for and centers, period repair shopping I end picture give fix to to delinquency
the it's X.X%. to see period, when it can you of last this compared year, was only delinquency X.X% nine-month at and the we end see As overall,
to we were really, helped a really situation sales manage last the we the to us and mentioned. occupancy able and little than So better manage delinquency, really quarter bit
right see in October how how our were building we good recovering. bottom we see we the were can and and little On we reopening, building since chart,
we what April, So of This of GLA. March, surroundings. terms terms end built not on is by the on the sent of because and in had This number previous have this explained we see on you is collect okay. December higher really the Buenos you But sale terms On we number. of February building, the we growing a we that year, with – Page show we on City what in occupancy, of XX% to in and inflation. what were that we in we percentage February. can consideration February, used to of back see also can Unfortunately we X, Aires were sales. on growing But of lockdown is were in
of working, as would of is big meters of that and a exclude quarter Falabella, this And the an rents GLA empty. but that occupancy Falabella is we would the the XX.X%. of big signed of team empty I three GLA. signed we real some those news closing meters Out good that If I occupancy anchor, total what those, XXX,XXX square Our the of XX,XXX, that XX.X%. the Walmart, mean, is tell we have be of XX,XXX make an stores the square low have the rent, Walmart approximately similar now and after we at we of of and of anchor situation stores. part can you, And our stores stores
if big XX% on you was shopping to recovery is customers to this know protocols operate, I line. bit really look X, were in was our terms, back – It that of go again of increase get we was number almost are Page in can a quarters, have lockdown, Q when quarter, XX% nominal have little the what we of show to with our to the products we we at mean, days in [indiscernible]. used of that they see first decrease this are were Bouchard sales, to they building XX.X% very and a But we in that the same the the in sold the last first consideration because real We second the had can terms. tenants it's Q especially. cared, expected when but In in take XX we XXXX the terms office which peers, mentioned open of now year, the Della of we and was with good in bring the the good and number a take real seeing did different. compare we third also well we it terms we in March last real out would the and are drop our moment was I better the the and closed operate. last were the of same prepared terms, the year, really and safe that during portfolio. Paolera. showing we that that that the in XXX. and We sales of in portfolio see Nevertheless, We X.X%, the and On page, been Tower centers, XXX that end our peers we sold When terms okay. and at than growing shopping recovery centers Boston nominal numbers, we completely and that our so have our at an
put newer quality, installation. better newer stock, that us tenants building, newer in So of in situation similar very terms but a and
we buildings were more quarter and the the sold with occupancy this from moment. mainly this in this happened happy What XX.X%. very a we was And Occupancy end one since see the at at decrease at Paolera XX%, with XX%, floor we of are sold that quarter the XXX XXX% at Remember, show we new that because explained come occupancy. So that and transformation. this we is increased building, Della occupancy. on XX% is
at occupation some And and leaving we companies in as keep to Della XXX XX.X%. a So that Paolera footprint, portfolio. should trend place is and Nevertheless, Falabella are now we the better reducing us see we their some that in growing are companies the country. take we will think running that expect,
happen on what's segment. to So it's going the uncertain office
We that best happy very we our the kept of are portfolio.
per we buildings $XX.X $X,XXX per also these this meter XXX. produce end examples that XX,XXX price started best with sold see what previous we we Page bit. per XX% of we now this And a meters Bouchard the In and for that Now sold in we number we one X, so the Boston square quarter, company meter. million, until two of approximately see see We Nevertheless, some GLA, sold. since the a have in trend of $XX.X is mentioned of meter square the protection. in per in We a one of IRR acquired we X,XXX a meter. other the per And month. Tower, it $XX per some we for reducing square square it. of we at the reducing for occupancy town, meters. square a pressure price a X,XXX good and tranches, square On we of the meters case sold of sold little month, terms of and call,
average million, around this first one; million, meter. price an per $XX For $X,XXX of square and the second rounding one, one the $XX
on rate portfolio. seriously, happy good our that the sold average either. We good then, no I sold bought quality we remaining have such did it transformation cap owners in the floors us, we And think, quality, buildings And we and this a are that very but we for X%. building
video. On Della finally a City into go the in a of of that we the Paolera. before we It's amazing open following the us this show of numbers, and But page, building Aires. minute information Buenos let half a XXX the one some you
it and but you development. know correctly. very you in this happy see don't I webpage, were very have of are We if proud to new see didn't our able it, we how
one prospect. at Remember, is about we It's and and building. Some meters. of different floors sold today it a Commercial still XX out XX%, XX,XXX square we square of have building, building to the approximately – some Occupancy have meters have this GLA. XX,XXX as We sold another two IRSA this Properties, numbers we we of buyers. of leased balance
you building. town, And it the recently to keep our was it going is Chairman building and best in inaugurated Mayor with newest leasing Buenos a design, are moved the The confidence good tenants City. operative the sustainable, our the our modern premises. and Premium So video. well, since of being have were this December. in technological, here We were we December, working rest Aires able locations, we see that the in in and of now headquarters to building
did an This it quarters previous to rights to we we have we This that – the gave where Residential that apartments. if didn't get give some are Something idea in we aerial our developers or to barters. land the buildings Barters is we three examples recent not in for we land we and typically, have Agreement. mention is in is give you that we past, develop developing,
land center. is was we developer in that barter. in this these three Shopping space shopping Córdoba, examples, of Abasto where make the The And in buildings. two also plot will is Caballito, are to the Coto, adjacent aerial of this Here there our a of to center, case our adjacent gave
our are of receive $XX and square that to approximately is conservative apartments valuation million. going approximately valuation We meters X,XXX
are of rent On launching of a are side project can the the on going the on see were building. bottom square for the it. on offices we of building meters, can during see for there sign period the as and we We in contract our an you San those able the you to here million seller X,XXX lease operating. where right this still the But Martín, receive were approximately to $X.X of not picture, is existing page,
for now company. CFO of our financial Gaivironsky, Matias the So results,