GRI Club Europe

🚨 Deutsche Bank's first quarterly loss since 2020, driven by provisions for souring loans and litigation costs, has overshadowed the otherwise strong performances of other European banks, leading to a sharp stock decline and affecting broader banking indices. The German real estate sector is under significant strain, with a surge in property foreclosures due to higher interest rates and economic stagnation at the same time as the open-ended real estate funds sector faces a crisis with significant cash outflows and valuation issues. 🔹 However, despite these looming challenges, some select signs of market stabilisation and a glimmer of cautious optimism among property fund managers are emerging - but will this be enough? Read on to learn more about this story, check out GRI Club's latest report on real estate in CEE, and more! 🔗 You can also sign up to receive GRI Insights Europe directly here: https://lnkd.in/dW_Ki7qZ #griclub #realestate #insights #germany #crisis

At the recent Italia GRI 2024 in Milan, Livio Stracca, Deputy Director General at the European Central Bank (ECB), sat down with GRI Club’s Director of Global Production - RE Europe, Ludwig Menke, to discuss various aspects of the Italian and European real estate markets and their implications for financial stability. 🔹 The event’s keynote speaker highlighted that the Italian real estate market has been more stable and less leveraged compared to other European countries. Livio noted that European commercial real estate has faced structural challenges due to increased remote work and online shopping post-COVID, as well as cyclical pressures from rising interest rates. Looking ahead, Livio identified major global macroeconomic trends, including the uncertain impact of AI, the significant role of the US in driving growth, and the demographic and trade transitions in China. He also stressed Europe's leadership in the green transition, advocating for a continued shift towards renewables for both economic and security reasons. 🔗 Watch the full interview here: https://lnkd.in/d2nu4Gpi #griclub #realestate #italy #ecb #economy

Luís Filipe Carvalho, sócio da DLA Piper, participou do Portugal GRI 2024, onde concedeu uma entrevista exclusiva revelando suas perspectivas sobre as mudanças legislativas no mercado imobiliário português, a atração de investidores estrangeiros e os impactos do recém-introduzido Simplex Urbanístico. 🔹 Sobre o maior desafio para atrair investidores estrangeiros, Luís descreve que há uma mentalidade de insegurança em relação à alterações nas leis ao longo dos últimos anos, mas assegura que Portugal possui uma estabilidade jurídica para atração de capital. 🔸Luís também aborda a pressão do mercado sobre as principais cidades portuguesas devido à escassez de habitação e comentou sobre as promessas do sistema Simplex, que promete acelerar e simplificar os processos burocráticos de aprovação. "O tempo aqui é fundamental. Ele não é apenas o custo que isso representa em termos de capital parado, mas também a incerteza que isso pode gerar". 🔗 Assista à entrevista completa com Luís Filipe Carvalho aqui: https://lnkd.in/dDFXdWHV #griclub #realestate #portugal #investimentos #simplex

“France is challenged by trends which are here to stay,” says Marc Brütsch, Chief Economist at Swiss Life, be them geopolitical, demographic, or related to the green transition. However, the French economy is underestimated to a certain extent, Marc continues to explain. Labour reforms have now achieved record levels of labour participation rates, and the country is attracting increased foreign investments in startups and businesses. 🔹 These were among the exclusive insights Marc shared during his interview at France GRI 2024. Marc addressed not only the health of the French economy, but also the impacts and outlooks for the country’s real estate market, which he reported as expected to stabilise and improve, particularly in the residential, hospitality, and logistics sectors. “It’s sheds and beds where the recovery will happen the quickest.” Institutional investors are showing a growing appetite, and transaction volumes are predicted to recover later this year, supported by easing monetary policy. Furthermore, although inflation rates are expected to remain substantially higher in the coming years compared to the decade prior to the pandemic, this is “good news” for the real estate market, as the asset class provides investors a hedge against inflation. 🔗 Watch the full interview with Marc Brütsch here: https://lnkd.in/dfREkw-Q #griclub #realestate #economy #market #investment

🧾 Exclusive Portugal GRI 2024 report: Formidable fundamentals and the promises behind Simplex - read now: https://lnkd.in/dbFYjy_A Top of the agenda at Portugal GRI 2024 this year was the suite of simplification measures in place since the introduction of Simplex Urbanistico earlier this year, with a number of licensing requirements downgraded to “prior communication”, and others simply made exempt. 🔹 Investor roundtables saw unequivocal optimism, but it isn’t all rosy on the path towards a more efficient and transparent real estate market, as architects and engineers now bear greater responsibility to conduct thorough due diligence, while banks and lenders are likely to follow suit and demand more detailed assessment and proof of compliance. Meanwhile, Portugal’s retail and hotel sectors are thriving on high visitor numbers and increased consumer spending, and the country's residential market is showing resilience and growth, with strong demand driving quick sales of new developments. 🔹 Portugal’s real estate fundamentals are proving increasingly invincible. But, will the limited size of the market and liquidity challenges deter larger institutional investors from entering the Portuguese market? #griclub #realestate #portugal #simplex #fundamentals

Laurie Lagarde, Head of Logistics EMEA at CBRE Investment Management, recently attended France GRI 2024, where she gave an exclusive interview to address the key focuses for CBRE IM within the logistics sector at present, in which she highlighted the importance of sustainability. 🔹 “Number one, sustainability. Sustainability is on the minds of everyone,” says Laurie, referring both to not only the sustainability of buildings, but also operations. Laurie also addressed the matter of regulations at play in the real estate industry. On the positive side, sustainability regulations encourage the development of better portfolios, aiding the mission, explains Laurie, however, certain regulations can impede development, making access to land more challenging and causing lengthy delays in obtaining zoning and building permits. 🔹 CBRE IM’s entire portfolio has undergone decarbonisation audits, and are actively working on a solar program aimed at installing solar panels on the roofs of assets, with expectations for the first building under the program to be operational by the end of the year. Maintaining strong customer relationships is also a priority, details Laurie. Managing 9 million square metres in Europe, it is essential to work closely with the occupiers to understand their needs and constraints, ultimately delivering buildings which meet their specifications and operational requirements. 🔗 Watch the full interview with Laurie Lagarde here: https://lnkd.in/d9Fsjkzs #griclub #realestate #logistics #sustainability #france

💥 UK BTR sector hits a record high in investment levels. Investment in the sector surpassed £2.6 billion, marking a 38% YoY increase. This encouraging result for the UK’s BTR market is also mirrored in other news revealing that the UK delivered a record number of BTR homes in the second quarter of 2024. 🏗️ An impressive 22,000 homes were completed in the preceding 12 months, equating to 2.5 times more than the average during the period of 2017-2019, and a YoY growth of 4% for the sector. But, what is next for BTR? Despite growth, the sector is also facing fast-evolving tenant demands, and investors, developers, and operators must adapt to stay ahead of the competition. Read more in this week’s edition of GRI Insights Europe, as well as exclusive access to the GRI Portugal 2024 report, revealing the strength of Portugal’s real estate fundamentals and investor hopes behind Simplex. 🔗 Sign up to the GRI Club Europe newsletter here: https://lnkd.in/dEJFMFsM #griclub #realestate #insights #newsletter #weekly

🚨 FINAL CHANCE TO VOTE!!! 🚨 Public voting for the GRI Awards Europe 2024 closes today, so don’t miss out on your last chance to cast your ballot for which of these 137 incredible contenders will make it to the top 3 in each of the fifteen award categories! 🏆 The GRI Awards Europe 2024 honour organisations and projects that go beyond the ordinary in construction, architecture, and quality of life, recognising not only technical excellence but also the commitment of teams and leadership to societal and environmental impact. Each finalist and winner exemplifies the highest standards of quality, transformation, and innovation. Stay tuned for the announcement of the top 3 finalists in each category next week! 🗳️ Cast your vote before it’s too late: https://lnkd.in/eNdra5Eh #griclub #realestate #europe #awards #excellence

Frau Stefanie Pfister, Leiterin des Asset Managements bei der Bayerische Versorgungskammer, traf sich zu einem exklusiven Interview mit Julia Piccazio Dünner, Global Director des GRI Clubs. Thema war der vielversprechende deutsche Immobilienmarkt und die Faktoren, die ihre Investitionsentscheidungen beeinflussen. 🔹 Frau Pfister zeigte sich optimistisch über die aktuelle Immobiliensituation in Deutschland. Sie hob hervor, dass die Stabilität der deutschen Wirtschaft und der Vorteil, Geschäfte in derselben Währung abzuschließen, entscheidend sind. Investoren können die aktuelle Marktvolatilität nutzen, um Chancen zu ergreifen – und die BVK hat großen Appetit, weiter im Land zu investieren. ESG und Technologie spielen eine zentrale Rolle bei der BVK, betonte Frau Pfister. Ein Geschäftsplan ohne ESG? Unvorstellbar. Ihre exklusive Innovationseinheit sorgt für die besten Lösungen. 🔗 Sehen Sie hier das vollständige Interview: https://lnkd.in/esG9X9bp #griclub #realestate #germany #datacenters #esg

“There are a number of situations that, both structural and conjunctural, make it difficult to raise a lot of cash, but I wouldn’t say that there is a lack of cash in the market, as there isn’t,” says Nuno Azevedo Neves, Country Managing Partner at DLA Piper. 🔹 Fundraising is difficult at the moment, no matter where you are in the world, explained Nuno, during an exclusive interview with Gustavo Favaron, GRI Club’s CEO & Managing Partner, during Portugal GRI 2024. In the case of Portugal, Nuno shared three principal reasons, the first being the country's relatively limited market size, creating hurdles for investors looking for larger investment opportunities. The second, a conjunctural issue, Nuno explains, is the drastic reduction in the NPL ratio over the past few years. Previously, there were ample opportunities for opportunistic funds due to the high NPL ratios, which are now scarce. As a result, investors need to identify new drivers and areas of growth within the country. Thirdly, intense geographical competition means Portugal must demonstrate competitive returns for investors in comparison to other regions. 🔗 Watch the full interview with Nuno Azevedo Neves here: https://lnkd.in/d_iPbP3c #griclub #realestate #portugal #fundraising #investment