Europa shopping center (Europa SC), located in Vilnius, and one of the properties in the Baltic Horizon Fund (Fund), has obtained the SAFE RetailDestination© certificate. It received the designation from the only internationally acknowledged resilience certification program for shopping centers (SAFE Shopping Centers). The Covid-19 compliance certificate is a proof of the centres’ high standards and commitment to delivering the best possible safety for visitors, retailers and employees alike.
Europa SC is now the second retail property in the Fund portfolio to receive the certification, last week Galerija Centrs became the first shopping centre in Latvia to be certified SAFE Retail Destination©.
Tarmo Karotam, Fund manager of Baltic Horizon notes: “It is important for us to continue following the best practices and make sure that we did our best to make our customers, visitors and staff at our properties feel as safe as possible.”
In order to receive the certificate, shopping center administration has to follow the requirements to ensure safe shopping for its customers and visitors, as well for the work environment in the center even at higher standards compared to the average practice. The certification is based on the Risk, Resilience and Security Standard©. It is divided in six core areas, containing more than 850 criteria, designed to cover all aspects of operational risk in shopping center management. The initial assessment will be also followed by two annual compliance verifications.
The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com