INREV

🤖 Don't miss our Technology briefing this Thursday, 28 November at 10:30 CET: https://hubs.li/Q02V-p-D0 @Claire George (Savills Investment Management), Naqash Tahir (PGIM Real Estate), and @Vinoo Khandekar (a.s.r. verzekeringen) from the INREV Technology Committee will share their experiences with AI implementation and offer practical insights on systems and processes. Don’t miss this chance to understand AI’s real-world impact in real estate and get expert insights. #RealEstate #AI #Technology #Innovation #INREV

We're excited to be part of the European Retirement Week again this year! Together with our partner INREV, we're highlighting real estate's contribution to finding housing solutions for a competitive and sustainable Europe. Join us by registering here: https://hubs.li/Q02Z3zhP0

Spent an extra night in Zurich due to a cancelled flight ✈️ ❄️and had a chance to reflect on this week’s INREV Autumn 🍂 conference and meetings with some major Swiss🇨🇭investors. Thanks to AlphaReal CIO Edward Palmer and European RE PM Gordon Smith for joining me for some positive meetings. The takeaways below are purely my personal opinions, not investment advice, etc, etc, but my takeaways are: • Investors and real estate 🏡 professionals believe we are past the bottom for European 🇪🇺 RE prices in general and a combination of falling ECB rates 📉 and increased bank lending 💶 will be supportive - transaction volumes are picking up, too. • Investors are having to argue hard at their strategic asset allocation committees to maintain their RE allocations - there’s competition from other asset classes and teams for scarce internal capital • While investment professionals, investment directors and heads of real estate are more positive about the asset class, sentiment among end-investors/advisory boards and CIOs is still cautious • Residential RE still popular (affordable/social housing, in particular), views on office still negative - only Tier 1, ESG focused properties views positively And for those wondering why there is a photo of singer, songwriter, one-hit wonder and twitter legend James Blunt - it looks like he stayed at the same hotel I stayed at last night. And he’s currently touring in my home country, Australia. A v funny and entertaining guy.

It was an honour speaking at this week’s INREV Autumn conference in Vienna. From my perspective, we convened at an inflection point. Geopolitics is rightfully centre of mind, but real estate markets are evolving favourably, admittedly after a challenging couple of years. I am increasingly confident that 2025 will be a year for renewed investment activity and healthy performance prospects. Challenger asset classes, watch out! Here’s what I discussed: 🕺 Capital market signals from are encouraging - optimism is justified (thanks to Andreas L. Farberg for the edit!) 🍾 A fine vintage in the making – just look at INREV’s fund performance by vintage year! 🏢 Offices dynamics continue to evolve – think mid-cycle supply 🛜 “New Economy” real estate is challenging on the path to net zero – as a multi-asset class investor we will consider multiple avenues to access the thematic 🚂 Bigger corporate goals are playing into real estate decision making   Thank you Hedda Hollander Tim Vink Casper Hesp and Andrea Carpenter for organising a highly engaging conference as well as the invitation to speak!

‘Given the scale of the European housing crisis, INREV’s series of residential papers are publicly available to help raise awareness and transparency in the search for a solution.’ Well done INREV 🎁 Brenna O'Roarty Iryna Pylypchuk Xavier Jongen Andrew Allen Jessica Hardman Jaap van der Bijl

Here’s your daily round-up of the latest news and views from EG. 🤖 London’s artificial intelligence boom continues, with companies upsizing their office space at a rapid rate. The latest firm to go big is PhysicsX, which has signed for a new office in Shoreditch three times the size of its former base. The company had until recently been based at 67-71 Shoreditch High Street, E1, but has now shifted to two floors at Victoria House, 64 Paul Street, EC2, owned by the Estate Office Shoreditch.  Festival company SXSW London has taken the firm’s former 3,631 sq ft lease on assignment. Savills said earlier this year that central London had been a notable beneficiary of AI’s growth, with companies upsizing at rates of up to 10 times their existing floorspace as they compete to hire the best talent. 🌄 Vincenzo Vedda, chief investment officer at DWS Group, has said investors’ “lost decade is over”, but has warned that “the risk of negative surprises has increased”. “If the assumptions of a soft landing and a significant increase in corporate earnings – especially in the US – prove to be wrong, there could be significant negative surprises,” Vedda said in a webinar to discuss the outlook for 2025. Ulrich von Creytz, chief investment officer for real estate in Europe, added: “We have recently observed a recovery in core real estate, particularly in the residential, logistics and high-quality office sectors.” However, von Creytz said that although demand for high-quality properties has been on the rise since the second quarter of 2024, lower-quality properties are yet to pick up on this trend. 🗒 Fresh into his new job as British Land’s chief financial officer, David Walker is preparing to help steer the REIT’s balance sheet and business into its next stage of growth. EG caught up with Walker just a few hours into the role and asked for his top priorities as he settled into the new post. “I see my role principally as providing the financial strength and resilience for the business to allow it to continue to operate nimbly, deploy capital actively and take advantage of opportunities in our markets,” Walker said. “Is the balance sheet in as strong a place as it possibly can be? Have we got a strong grip on the cost base of the business and the shape and size of the platform within the business? Are we focused relentlessly on cash and cash generation?” There’s also news on Harworth Group plc’s new Birmingham base; INREV’s estimate of how much it will take to fix Europe’s housing crisis; and more from EG’s recent ESG Summit. This and lots more here. https://lnkd.in/eHKGAGfV

Just returned from the INREV Autumn Conference in the beautiful city of Vienna. 🇦🇹   The tone was set in the morning by strategist Tina Fordham, who highlighted that the RE sector is increasingly vulnerable to geopolitics and large policy shifts, affecting #ESG considerations. Years of relative stability fostered globalisation, but today’s “geopolitical risk supercycle” demands a rethink of traditional risk management strategies and a focus on the direct sphere of influence. Here are a few takeaways from this conference: ⚠️ Geopolitical risks are reshaping the investment landscape. From the ongoing Russia-Ukraine conflict to the potential implications of Donald Trump’s return to the White House, global politics and markets are navigating profound disruptions. We are in a period of concentrated change. 🏗️ For European real estate, this shift highlights the need to balance growth ambitions with resilience planning. Focus on Europe and have a positive impact within your own sphere of influence. 🌱 Despite the geopolitical risk supercycle, the outlook for the European real estate sector is cautiously positive for 2025. As highlighted by Zurich Insurance, there are more pressing issues than geopolitics. The negative effects of #ClimateChange, biodiversity loss and societal polarisation being prime examples. 💡At Longevity Partners, our experts can help you navigate these challenges and build resilience into your ESG strategy. Reach out to learn how we can support your journey in this evolving landscape.

ChatGPT replaced the keynote speaker at the INREV conference in Vienna yesterday. This year’s INREV Autumn conference was full of surprises—including an unexpected twist when our keynote speaker had to cancel at the last minute. But, as they say, the show must go on! Enter ChatGPT, stepping in as a digital thought partner to spark conversation and deliver insights. I used advanced voice mode and asked ChatGPT to speak to the participants about they key points made at the conference. It was a bold experiment, and the feedback from attendees was overwhelmingly positive! Technology like ChatGPT isn’t just reshaping how we work—it’s becoming a tool to enhance live events, foster discussion, and adapt in real-time. Here are some key takeaways from the day: 1️⃣ Navigating Political Uncertainty: Disruption is opportunity. We explored how to thrive in a shifting landscape by focusing on resilient asset classes and niche markets. 2️⃣ Gen Z and the Real Estate Market: Their entrepreneurial spirit is reshaping demand, creating opportunities for flexible, digitally connected spaces. 3️⃣ ESG as a Strategic Imperative: Beyond compliance, sustainable strategies are proving to be value creators, driving long-term ROI. 4️⃣ Capital markets in Europe are beginning to be more positive and borrowing rates are now starting to look reasonable (<4% for office and resi). I think this session by Andrew C. Angeli from Zurich Insurance was my favourite presentation. 5️⃣ The Role of AI in Real Estate: ChatGPT proved it’s not just a tool for automation but a catalyst for ideas and strategy, opening new doors for collaboration. That was my session. The unexpected change of the keynote speaker reminded us of the power of innovation and adaptability. Real estate, like this conference, thrives when we embrace change. Thank you Andrea Carpenter Hedda Hollander and Casper Hesp for the wonderful conference and the opportunity to speak! #RealEstate #Innovation #AI #ChatGPT #ESG #FutureOfWork

Today I had the pleasure of attending the INREV Autumn Conference. It was truly insightful to hear perspectives from leading figures in the real estate industry and to explore the latest market trends in depth. Here are some key takeaways from this morning’s sessions: 💥Rising Geopolitical Risks: Increasing uncertainties globally impact markets. The results of the USA election will play a huge role. 📈RE Market Optimism: signals of Recovery. Private health played a huge role in the last years. 🌱Climate and Sustainability Transformation: Businesses are undergoing foundational shifts to transition toward low-emission and climate-resilient models. Significant investments are required to realign assets with climate and environmental goals. 🧘♂️Gen Z : While often perceived as lazy and unfocused, Gen Z is entrepreneurial, with 70% seeking side hustles. This generation values activism and prioritizes mental well-being. They seek emotional intelligence in leaders and thrive when involved in decision-making, such as through shadow boards.

📍 È appena terminata l’INREV Autumn Conference 2024. Due giornate intense a Vienna, durante le quali professionisti del settore immobiliare non quotato si sono riuniti per dibattere sulle ultime tendenze e confrontarsi sui rendimenti attesi dei fondi. Questi momenti sono preziosi per ampliare la visione del mercato e scoprire nuove opportunità, guardando oltre i propri parametri e arricchendo la prospettiva sugli sviluppi del settore. Un’esperienza che offre stimoli e connessioni fondamentali per restare aggiornati in un mercato in continua evoluzione. 🚀 #INREV #investimentiimmobiliari #networking #innovazione #realestate #immobiliare