MIPIM 2022 (21 MB)

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An ESG audit of real estate is now an essential part of larger
purchasing processes. Although it remains difficult to
quantify the premiums that can be achieved for sustainable
properties, a credible ESG policy is becoming a go/no-go
factor for investors, tenants and other stakeholders. As
part of our sustainable portfolio strategy, we see upside
potential for properties with high ESG standards in the
medium to long term.
Regarding interest rate development, we are now also
preparing for interest rate increases in Europe before the
end of the year. IMMOFINANZ is optimally positioned
both for the current environment and for a domain with
potentially rising interest rates. For example, roughly
90% of our financial liabilities are secured against rising
interest rates. As a large European real estate group with
an investment-grade rating, we also have access to very
attractive financing conditions.
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ESG: Here, we see the implementation of our net-zero
emissions strategy and thus also the assurance of
environmentally relevant and social criteria for the
entire portfolio as a thoroughly major challenge. At the
same time, this is also an important competitive factor
and future opportunity for the coming years.
Economic growth and geopolitical development:
At present, the forecasts for economic growth in
the individual countries of Central Europe for 2022
and 2023 are quite positive. However, against the
background of the currently emerging armed conflicts
and possible effects on gas supplies for Europe, there
could be significant downward revisions.
Interest rate developments: A faster tightening of
monetary policy would have an impact on financial
assets and tangible assets or investors‘ yield
expectations. In addition, financing costs are the most
important cost factor for real estate companies. It
then depends on how solid and robust the individual
companies are positioned here.
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Our goal is to continue implementing the value-enhancing
growth of our Group and come out of this pandemic with new
strength and vitality. Our success is based on our clear portfolio
strategy with crisis-resistant brands and flexible and innovative
offerings. Our robust financial position with reliable cash
flows and investment grade rating gives us stability, financial
strength, and the scope for future sustainable growth.
MIPIM | 2022
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