MIPIM 2022 (21 MB)

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Positions & Opinions 1 I am convinced that 2022 will be a positive year for residential construction! The demand for high-quality condominiums is very high and rental apartments as an investment form are also in great demand. Due to the complex pandemic-related difficulties in our work, production is lagging behind leading to rising prices. At the moment, there is no countermovement in sight. 2 The effects of both ESG and COVID-19 have increased costs. This affects new construction as well as existing properties. If the investor does not take the costs into account, he is threatened with a worse valuation of his property. However, the high level of excess demand is expected to have a balancing effect on this situation. Roland Pichler, Die Wohnkompanie 3 We assume that our residential construction projects will continue to perform very well in assessing risk factors and, therefore, will not incur any additional financing costs. This will probably not apply to construction projects that do not meet the increased requirements. 4 The Corona pandemic with all its challenges has somewhat distracted us from the issue of land scarcity, however, this issue is absolutely vacant and has even been further exacerbated by the pandemic. Achieving sustainability goals and CO2 neutrality in the EU, coupled with ESG regulations will influence our daily work more and more. 5 Nearly 500 apartments are currently under construction and will be completed this year. We have a well-filled pipeline of residential projects to develop and bring into construction. Due to the positive market situation, we will continue to pursue our expansion course. In doing so, we will focus primarily on our core market of Vienna, but will also invest in selected cities in the provinces. The key challenge is to implement new or changed framework conditions in a period of constantly rising costs as well as raw material shortages. Many measures could bring improvements. From optimizing the working conditions or possibilities of the official services to extensive subsidy possibilities outside of subsidized housing construction to price-regulating interventions in the area of construction raw materials, the range of possibilities extends. Die zentrale Herausforderung ist das Umsetzen von neuen bzw. geänderten Rahmenbedingungen in einer Periode mit stetig steigenden Kosten sowie Rohstoffknappheit. Es könnten viele Maßnahmen Verbesserungen bringen. Von der Optimierung der Arbeitsbedingungen bzw. -möglichkeiten der behördlichen Dienststellen über umfangreiche Förderungsmöglichkeiten außerhalb des geförderten Wohnbaus bis hin zu preisregulierenden Eingriffen im Bereich der Baurohstoffe reicht die Palette der Möglichkeiten. 82 ImmoFokus
1 After an outstanding investment year in 2021, we are extremely confident about 2022. Due to the high number of transactions in the process, which we expect to finalize in the first half of 2022, we also anticipate solid transaction activity and volume in the coming year. Residential and logistics properties will be highly in demand, with enormous demand far exceeding supply in the logistics sector in particular. 2 The leading causes of high real estate prices, namely low interest rates, poorly performing alternative investments and rising inflation will remain with us in the coming year. The pandemic is a challenge for the entire economy. However, except for a few segments, such as city hotels and supra-regional shopping centers, the real estate sector was comparatively minimally affected by the impact. In some cases, it was even able to benefit from the development in the areas that promise long-term secure cash flows or the „last-mile logistics“ sector, which serve the changed consumer habits. The EU taxonomy or the even stronger focus on ESG will make top properties even more in demand. This will also lead to older, non-sustainable properties being increasingly upgraded or retrofitted to meet ESG requirements and thus create an increase in their value. 3 Franz Pöltl, EHL Investment Consulting Primarily, we expect that those properties built to be ESG compliant will increase in value compared to non-sustainable properties. Factoring in the cost of bringing existing properties into ESGcompliant condition will likely become standard in valuations over time. We see no sign of any rate hikes at the moment, so that yields will remain under pressure. 4 We expect that efforts to overcome the pandemic, the general establishment of ESG standards, and the price dynamics of land and construction costs will be the key challenges for the real estate industry. In terms of overcoming the pandemic, the real estate industry will have to rely mainly on government action. In terms of moving toward a sustainable real estate industry, the path is at least mapped out. In the coming year, the search for land at prices that still allow affordable housing will remain a real challenge. Faster reclassification of land and construction procedures would certainly be helpful here. Construction costs are also trending in a direction that does not yet indicate a weakening of the price momentum for real estate prices. 5 After having had a very good year in 2021 and being able to start the new year with a well-filled project pipeline, we want to continue last year‘s good performance seamlessly and expand EHL Investment Consulting‘s leading position in the investment market in 2022. In doing so, our focus is not on a specific asset class, but rather we want to be the predestined contact partner for our customers in all areas, starting with the acquisition of the property through to the sale of the finished investment product. MIPIM | 2022 83
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MIPIM 2022: Special digital edition
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Global Players. Local Heroes. A pri
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22,000 sqm of office space, approx.
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Wir leben Know-how. Den Durchblick
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INNOVATION HUB IHR NEUES BÜRO IM H
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MIPIM | 2022 11
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management the beginning of the pan
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Have any of your tenants or owners
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a mediator. Bringing tenants and ow
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IMMOBILIENBEWERTUNG. Warum wir? Wei
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MIPIM | 2022 21
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"The investment market is certainly
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„Take the legislative initiatives
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Volume bandwith 2010 2011 Neverthel
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MIPIM | 2022 29
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Page 33 and 34: Selected investment transactions 20
Page 35 and 36: C urrently, the database covers new
Page 37 and 38: STYRIA 1-2 room apts: 37 % 3 room a
Page 39 and 40: UPPER AUSTRIA 1-2 room apts: 36 % 3
Page 41 and 42: REMAX Forecast - Vorarlberg The pri
Page 43 and 44: Join us at MIPIM, Cannes, 15.-18.3.
Page 45 and 46: Christie and Co Austria. Obviously,
Page 47 and 48: “Sustainability hasn‘t really b
Page 49 and 50: so I can finally travel to Vienna a
Page 51 and 52: eal estate, reports Karina Schunker
Page 53 and 54: in the market. „Many new players,
Page 55 and 56: „Institutional providers are dema
Page 57 and 58: in building technology will expand
Page 59 and 60: T hus, on the one hand, there are o
Page 61 and 62: | MT12-01G | Vom Konferenzraum …
Page 63 and 64: Rentals 2021 (selected examples) Pr
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Page 67 and 68: MIPIM 2022 Creating the future buil
Page 69 and 70: 1 We are optimistic about 2022: Our
Page 71 and 72: 1 We continue to see strong momentu
Page 73 and 74: 1 I am an optimistic person - despi
Page 75 and 76: 1 As everyone in the industry knows
Page 77 and 78: 4 Topic number 1 is and remains ESG
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Page 87 and 88: 1 Personally, I am not quite as opt
Page 89 and 90: 3 An ESG audit of real estate is no
Page 91 and 92: Die transparente Bauprojektdatenban
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MIPIM 2022 (21 MB)

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