RETHINK - Real Estate and Construction
The COVID-19 pandemic has presented challenges to all our clients, irrespective of their industry, their markets or the scale of their business. And there is remarkable consistency in the nature of the challenges our clients are facing globally.
As a result, BDO have adopted a three-stage model to help our clients manage business priorities, address issues and leverage thinking: React, Resilience, Realise. These stages can be considered separately, or as a part of a roadmap to help companies manage throughout the COVID-19 impact. The model provides a practical approach to helping companies assess what issues they are likely to face throughout the COVID-19 pandemic and recovery. We are applying and aligning our Real Estate and Construction services to our RETHINK model to address the existing and upcoming challenges facing our clients.
Some useful information:
ACCOUNTING FOR RENT CONCESSIONS: LESSEE FAQs
COVID-19: A BDO Legal guide to the impact on commercial leases in Europe
IMPLICATIONS OF COVID-19 FOR LESSORS (IFRS 16 LEASES)