Unibail-Rodamco has stepped up its renovation programme of its 'jumbo' shopping malls. Speaking during a conference call on the company's 2009 results, CEO Guillaume Poitrinal said the global economic crisis has made the renovation programme more urgent than ever. 'And the crisis makes it easier in the sense that it is easier to ask an under-performing tenant to leave when he really is under-performing. Our tenant rotation policy is more active than ever.'
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