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LeMall Sin El Fil to close at the end of March
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BEIRUT:Acres Development Holding, owner and operator of LeMall shopping malls, has announced its decision to close the Sin El Fil branch of its mall chain at the end of March 2020, according to a statement released by the company.
The decision comes amid deteriorating economic conditions in Lebanon, which have negatively impacted household spending in a wide range of sectors, coupled with a difficulty importing from abroad, in light of the financial crisis, and a lack of bank facilitation, the statement added.
These factors represent a fundamental impediment to the sustainability of shops, restaurants, and establishments operating in LeMall Sin El Fil, affecting investors, tenants and partners alike, the company said.
The company will continue to serve its costumers at LeMall Dbayeh and LeMall Saida.
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