26 / 05 / 23 - 1 minute read
No sooner had had the carnival that is MIPIM left the sunny shores of Cannes than bags were packed again for the INREV Annual Conference in Copenhagen in April and just last week, the IPE Real Estate Global Conference and Awards 2023 in Milan.
There is no better way to identify sentiment and stay on track with trends within the real estate investment community than attending these events and getting involved in these discussions with peers.
Having shared the key takeaways from MIPIM RE-INVEST, two months on, what has changed? Here are my takeaways from Milan…
We all know that transaction activity has slowed significantly since last summer, but there is still huge interest in real estate. How have I arrived at this conclusion? Well, the record number of end-investor attendees from all over the world for the IPE event speaks for itself and this bears out from the attendance for the INREV Conference last month too.
Price discovery is high on investors' agenda and bid-ask spreads are still high, but they are narrowing for the industrial, residential and living sectors and alternative property types.
Climate change and ESG-management are dominant themes for investors and their managers. To properly address these, it’s essential to collect data and conduct data standardisation. Only then can comprehensive decarbonisation strategies for portfolios be achieved and evidenced.
In the US, the vacancy rate for offices is 20% and rising. Investors are keeping a close eye on this development and are starting to wonder whether offices could be the new retail. Based on our convictions, we believe the picture in Europe to be different but that's not to say that it's not useful to follow trends in the US, which could potentially be replicated elsewhere.