CoreNet Global Summit, Madrid 2018
Madrid | 25 - 27 September 2018 | NH Collection Madrid Eurobuilding
The largest gathering of corporate real estate professionals in Europe

Reduce Real Estate Costs: Use IFRS16 to Your Advantage!

26 September 2018 | 16:15 - 17:00

Reduce Real Estate Costs: Use IFRS16 to Your Advantage!

The accounting rule book that has framed leasing negotiations for 15 years will be ripped up as the IFRS16 lease accounting regulations come into effect on 1 January 2019. Gone will be the constraints that precluded buy-back options as well as the exclusion of specialised property. This session will explore how some corporates have already applied the new standards to re-gear their leases and consequently have achieved beneficial outcomes which includes a reduction of occupancy costs by 35%, and new office leases at levels 40% below market rent.  

Key Takeaways:

  • Improve your understanding of the IFRS16 regulations and how occupiers can use them to their advantage.
  • Discover a range of opportunities that can be capitalised on as part of the reassessment of your   property portfolio strategy.
  • Gain an appreciation of the likely commercial impacts of IFRS16 and how this may present opportunities for occupiers to drive out cost. 


Speakers: