goREAL 2023

INDUSTRY: Real Estate
FOCUS: Europe, multi-sector
FORMAT: Online, on-demand
LAUNCH: May 2023
ACCESS: Until 30 Oct 2023
(*no limit for members)

Audience: private real estate funds, CRE asset managers, institutional investors, family offices, developers, commercial lenders, construction companies, advisories, REITs

Staying the Course. Forging Ahead.

Real Estate Market Outlook & Investment Strategies | Europe
Economic growth recorded in much of Europe following the pandemic clearly boosted confidence among real estate investors, though many are still coming to terms with the fundamental changes brought about or accelerated by covid. Investors have also been compelled to reassess their strategies amid mounting inflationary pressures, rising interest rates and tightening of credit. For the most part, the residential sector continues to appeal to the industry due to its defensive characteristics. Value added remained on par with opportunistic as investors focused on strategies where capital could be more readily deployed. As the hegemony of office and retail globally seemed to be over, investors in Europe have rekindled their interest for prime office space. Core funds have also experienced a renaissance as investors look beyond capital appreciation, placing more value on income quality and security. Operational assets such as data centres, new energy infrastructure and life sciences have become particularly attractive due to their compelling fundamentals. Although the real estate fundraising market has improved, it remains difficult to navigate and still poses challenges for first-time managers.

Real estate has generally served as a hedge against inflation over the long term. Yet, is it fair game for all property investors? What strategies and asset types are best suited to counter downward pressure on returns? Can inflation-related costs be passed down to tenants? How do supply chain disruptions and higher cost of capital affect the construction industry, and what effects will they have on opportunistic funds? What’s the future of office now that formerly appealing qualities such as a prime-location and high-spec features are no longer the only priority for tenants and buyers? Which evolving economic and socio-demographic trends will inevitably impact investment decision-making (why and how)? Which regions are likely to lead, and what upside and downside risks should investors be mindful of? Tune in to goREAL 2023 for expert views and insights from industry leaders shaping Europe’s property markets!

goREAL 2023 | Europe


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  • PD Dr. Marcelo Cajias, Head of Data Intelligence at PATRIZIA AG leads a vibrant conversation with a panel of strategy and research experts – Paul Gibson from CBRE Investment Management, Simon Martin of Tristan Capital Partners, and Simon Wallace of DWS Group. The panel reflects on the present economy, the impact of inflation and rising interest rates on property markets, as well as key global and regional trends shaping the investment climate in Europe. The speakers share data-driven and actionable insights into investment strategies, reflecting on the fundamentals, growth drivers, return prospects for major real estate sectors, along with market risks, challenges, and opportunities. The growing role of ESG and technology as value drivers are addressed in conclusion.

  • In this session, Eri Mitsostergiou of Savills engages leading investors in residential real estate – Christian Fladeland of Heimstaden, Joe Persechino of AXA IM Alts and Christoph Meszelinsky of BNP Paribas Real Estate – who bring local and regional perspectives on the multifamily sector. The panel covers a broad range of key topics, from market risks to supply-demand imbalances, development and construction trends, portfolio strategies, transaction activities, affordable housing as well as evolving regulations shaping Europe’s residential sector. The experts also reflect on emerging product offerings, yield strategies, rent and CapEx optimization, subsector performance, and share – in conclusion – their growth and investment outlook for the region.

  • The essential need for providing healthcare services, the ageing population, as well as high entry barriers and long-term lease nature make the healthcare real estate an attractive asset class for investors seeking stable, long-term returns. John Gladstone, EMEA Healthcare Capital Markets leader at JLL engages Xavier Cheval, CEO at Icade Santé and Charles-Antoine van Aelst, CIO at Aedifica to shed light on both acute and long-term healthcare care sector performance in the current markets, emerging challenges for operators and potential risks for investors. The panel reflects on market consolidation trends, growing demand of high-quality assets as part of critical infrastructure driving future growth and demand for more investment capital. The panel further discusses tenant/leasing strategies, rent sustainability, underwriting of assets, financing and construction costs, and how specialist funds stand to benefit in the long-run.

  • Logan Smith, Head of Industrial & Logistics (Europe) at Hines is hosting a panel of foremost experts – Thomas Karmann of AXA IM Alts, Jörg Kreindl of CBRE and Dr. Killian Mahler of DLE Group – to evaluate the industrial/logistics real estate sector and to address issues top of mind for investors, developers and occupiers alike. Topics explored focus on the effects of inflation, tightening credit and supply chain disruptions on the sector, the occupier market, rent growth drivers, cap rate development and vacancy trends across European logistics hubs. The speakers further deliberate on occupier needs and challenges, supply-demand imbalances, (non)speculative construction, land scarcity, constraints in obtaining building permits, asset pricing/valuations, as well as allocation and risk management strategies. How investors and occupiers can benefit from sustainability and technological innovation are also addressed.

  • Tightening monetary policies amid inflation have created a considerable funding gap in the real estate sector. As traditional providers of credit retrench, opportunities emerge for alternative lenders. Andrew Gordon, Head of European Real Estate Debt at Invesco engages a highly experienced panel of debt specialists from leading investment groups – Natalie Howard of Schroders, Cyril Hoyaux of AEW and Pierre Saeli of SCOR Investment Partners SE – who reflect on Europe’s credit landscape, emerging risks, challenges and prospects for investors and borrowers alike. The panel deliberates on shifting fundamentals in commercial real estate financing and their implications for debt structuring, LTV ratios, and asset valuations. Panelists provide insights into underwriting, interest rate hedging, allocation strategies and diversification across sector, size and seniority, and share their investment outlook for the asset class.

  • Stringent lending requirements ensuing the global financial crisis led to the rise of digital investment – or, as variably referred to as ‘crowdfunding’ or ‘syndication’ – platforms. The tightening of credit over the past year has placed such platforms in a new spotlight. In this session, Dr. Adam Gower, an authoritative voice in real estate crowdfunding, leads a lively, insightful conversation with Mike Bristow, CEO and co-founder of UK’s leading specialist property development lending platform, CrowdProperty, and Simon Brunke, founder and co-CEO of Germany’s foremost real estate digital investment platform, Exporo (over €1B raised/funded). The panel reflects on the disruptive, competitive nature of such platforms offering innovative and practical solutions for property developers, asset owners, and retail investors. Speakers reflect on their distinct business models, value proposition, dealflow, due diligence and structuring approaches, as well as investor onboarding and marketing strategies.

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