{"id":38049,"date":"2020-06-03T12:23:27","date_gmt":"2020-06-03T10:23:27","guid":{"rendered":"https:\/\/gesvalt.es\/?p=38049"},"modified":"2020-06-03T12:23:27","modified_gmt":"2020-06-03T10:23:27","slug":"impact-of-coronavirus-on-socimis","status":"publish","type":"post","link":"https:\/\/gesvalt.es\/en\/blog\/impacto-coronavirus-en-socimis\/","title":{"rendered":"The temporary impact of the coronavirus on socimis and their dynamising role in the real estate sector"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Socimis are no strangers to the slowdown in real estate activity caused by the coronavirus health crisis. However, there has been an overreaction in the fall in share prices dragged down by the panic in the markets, a fact which, on the other hand, will leave good investment opportunities in the short term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While it is true that it is necessary to wait to know the extent of the restrictions and the evolution of the market to be able to make an in-depth analysis, the impact of the crisis on the socimis will depend to a large extent on the type of asset in their portfolios.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Socimis, which have now reached maturity in the Spanish market, have entered a phase of concentration and specialisation. Those listed real estate investment companies with significant exposure to the hotel sector will be more affected by the tourism slowdown.<\/p>\n\n\n\n<div class=\"row\">\n<div class=\"col-md-6 offset-md-3\"><button id=\"toggle-right3\" class=\"btn btn-default3\">I WANT ADVICE<\/button><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Retail, office and logistics companies<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the retail and office sector, landlords are offering discounts and discounts to their tenants in order to maintain occupancy. We will have to wait and see what effect this may have on profitability and rental prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, Gesvalt has observed an increase in the contracting of logistics land, where operators are seeking to respond to the storage and distribution needs caused by the coronavirus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Confidence in the dynamising role of the real estate sector<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With regard to the measures to mitigate this crisis, it is positive to remember that the socimis played a very important role in boosting the real estate sector in the previous crisis in 2008. In this regard, the large socimis are confident in their strategies and contingency plans in the face of the impact of the coronavirus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2019 marked the tenth anniversary of the creation of these investment vehicles, a year in which Spain was crowned as the country with the second highest number of socimis in the world, behind only the US. They currently account for 2% of Spanish GDP and half of the listed companies in the Eurozone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To achieve this, we must ensure that the investor continues to enjoy legal certainty without opportunistic measures with negative consequences for tenants, landlords and savers alike.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Expansion of the socimis<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Gesvalt is in favour of consolidating and consolidating the socimis as the basis for a second phase. This new stage should be marked by flexibility, the creation of new mixed public-private participation figures, the relaxation of dissemination criteria, the strengthening and greater dimensioning with corporate transactions, and the appearance of new typologies such as socimis for investment in NPLs, on a par with other international legislations.<\/p>","protected":false},"excerpt":{"rendered":"<p>These vehicles, which have been the main drivers of the real estate sector after the 2008 crisis, are one of the main players to continue to attract new investors in 2020.<\/p>","protected":false},"author":1,"featured_media":66837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[121],"class_list":["post-38049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-socimi","tag-covid-19"],"acf":[],"_links":{"self":[{"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/posts\/38049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/comments?post=38049"}],"version-history":[{"count":0,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/posts\/38049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/media\/66837"}],"wp:attachment":[{"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/media?parent=38049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/categories?post=38049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gesvalt.es\/en\/wp-json\/wp\/v2\/tags?post=38049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}