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Spanish insight in the COVID-19 real estate impact by property manager MVGM

MGVM, has published a study on the impact of COVID-19 on the property management sector. One of the data highlighted in the document is the influx of customers in shopping centres. Compared to the same period in 2019, the number of people visiting shopping centres has been reduced by 93%.

The report analyses other issues in the impact on different real estate assets apart from shopping centres, such as hotels, logistics centres or offices, as well as aspects related to tenants and properties.

Elisa Navarro, General Manager of MVGM in Spain, said that the objective of this document is “to provide the knowledge, experience and recommendations to help our clients overcome this situation in the shortest possible time. As we navigate through this new reality that is presented to us, we will need to be flexible and react with agility in the short term, and think about the medium and long term, in order to anticipate any future circumstances”.

* The data in the report comes from MVGM portfolio management and media publications at all levels up to April 30, 2020.