
EXPO REAL 2026 once again highlighted the key challenges and developments shaping the real estate industry.
In numerous conversations, our colleagues Arnaud Delalle and Nicole Schaub on site observed a particular focus on three recurring topics.
The event also provided an opportunity for the Real Estate Steering Committee to meet in person and strengthen the international collaboration.
1. Refinancing and Audit Challenges
Refinancing within existing structures, mounting financing pressures and delays in audit processes remain key challenges for companies and investors,
with potential implications for transaction execution, financing strategies and overall deal timelines.
2. Real Estate Valuations and Tax Implications
While the tax implications of real estate valuations are well established, their broader impact is still too often underestimated or overlooked in practice.
Taking a holistic view is essential to identifying potential tax exposures early and fully understanding the implications for investment and ownership structures.
3. Infrastructure and Social Infrastructure
Infrastructure projects are gaining increasing importance. Developments in healthcare, education, public safety infrastructure offer new perspectives for investors and project developers.
Our perspective: Today’s challenging market environment requires an integrated approach to financial, tax and structural matters. We provide tailored tax advice across the investment lifecycle, from structuring and refinancing to real estate and infrastructure investments.
As a member of the Baker Tilly network, we are particularly well positioned to support cross-border matters through local expertise and international collaboration.
Thank you to everyone who contributed to the valuable discussions and shared their insights at EXPO REAL 2026. We look forward to continuing the dialogue and exploring new opportunities together.




