MIPIM 2022 (21 MB)

1
We are starting the new year with cautious optimism. The pandemic will continue to occupy
us at least until the end of this year, especially the recovery process from the lockdowns and
with it the issue of rent or leasehold interest for commercial premises. The ranking among
investors continues to be led by the residential asset class. The pandemic has even reinforced
this top position.
2
Alfred Nemetschke,
Nemetschke Huber Koloseus
Rechtsanwälte
The influence of ESG will increase and thus change the valuation of a property in one direction
or the other, depending on the asset class. However, sustainability and ESG will particularly
challenge older and existing properties, as carbon neutrality was not an issue decades ago. Retail
properties in particular, will feel the adverse effects of Covid-19.
3
I don‘t see interest rates rising significantly in the near future - at least not in the
EU. But we can assume that developments will be very differentiated between the
various asset classes and that risk premiums will be adjusted accordingly.
4
Of course, we will be concerned with all the pandemic-relevant topics
such as rent or leasehold rent reductions for commercial premises,
home office and flexible working conditions, as well as climate
neutrality and ESG.
5
Since the beginning of the pandemic,
one focus of the firm, which will remain
relevant in 2022, is to be the subject of
rent or leasehold rent abatement of
business premises. Another focus is to
increase collaboration with mediators.
Covid-19 has clearly shown us that
quick and efficient cooperation
between lawyers and mediators
provides sound solutions and that
clients benefit from this.
The other focus continues to be on real
estate investments and developments.
MIPIM | 2022
81