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MVGM has prepared a report on real estate assets at the end of 2020 in which it highlights the growth of the logistics sector, the digitalisation of retail and the evolution of offices, with telecommuting as the chosen option.
The report points out that a high percentage of agreements have been reached between landlords and tenants, related to the end of the contract, requests for subsidies, deferment of payment or debt cancellation.
Elisa Navarro, Managing Director of MVGM in Spain, points out that within the retail sector, the economic activities that have had the least impact due to the health crisis have been: home, electrical appliances, jewellery and food, with a better performance of the Shopping Parks, where these activities are usually concentrated.
MVGM Spain COVID-19 Property Management Impact