REAL ESTATE UPDATE: THE NEW MF-GIF 2023 - McDermott Will & Emery

REAL ESTATE UPDATE: THE NEW MF-GIF 2023

Overview


In February 2023, the Gesellschaft für Immobilienwirtschaftliche Forschung e. V. (“gif”) published the new Guideline for the Calculation of Leasable Floor Area for Buildings  (“MF-GIF” 2023). In the following, we provide a brief overview of the background to the amendment, the main changes and notes on (rental) contractual inclusion.