Pandemic blights another annual property milestone

Expo Real, the Munich-based property exhibition, has been cancelled just two days before it was due to commence, the latest of the major European real estate exhibitions to suffer in the face of the resurging novel coronavirus pandemic.

A statement by the organisers said that the show has been cancelled at short notice due to the worsening Covid-19 situation in Munich. It said that numerous participants have declared their intention not to participate because the city has been declared a risk area and because the situation in Germany and other European countries has worsened dramatically in recent days.

Expo Real’s cancellation has occurred despite the organisers’ best efforts to make the show relatively Covid-proof by recasting it in June as a “hybrid” event with both a physical and online presence.

“Since both formats of the hybrid summit are interlinked and mutually dependent, even a purely digital event would not have made sense under these circumstances,” the latest statement said.

Munich declared a risk area

On Monday German public health organisation the Robert Koch Institute had classified Munich as a risk area and the local authority’s official website, Muenchen.de, states that stricter rules will therefore apply from 14 October, Expo Real’s start date. Munich has also suffered from the cancellation of Oktoberfest this year which was due to have run from 18 September to 3 October.

Expo Real’s cancellation follows soon after event organiser Reed Midem’s recent announcements that the Mapic retail and leisure event due to be held in Cannes, France, in November is to move online, while Mipim 2021 has been rescheduled from its usual March slot to 7-10 June.

Despite the cancellation of Expo Real, Real Asset Media is please to be supporting two of the planned online events so that you can still benefit from the insights of the panels of experts.  More details can be found at: https://investment-briefings.com/

The latest edition of Real Asset Insight was also due to be launched at Expo Real this week. If you are unable to obtain a print copy the online version can be found at: https://realassetinsight.com/publication/

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