Stuart Watson

Geopolitical chaos overshadows the discussion around the outlook for private real estate debt markets in Europe.

The sector’s safe-haven status still appeals to investors, but uncertain trading conditions are suppressing deal volume.

The country’s ultra-low bank rate era appears to be coming to an end, raising the specter of potential cap rate expansion in real estate markets.

The country’s maturing property market is drawing in more international institutional capital than ever before.

Experience and necessity-driven assets are back in focus, but identifying outperforming subsectors is more difficult than ever.

Now is a good time to deploy capital in the region’s real estate markets, say participants in PERE’s European roundtable. But political risks still cloud the outlook.

Power-hungry technologies like cloud computing have made securing electricity a pressing concern for industrial investors and developers.

Businesses are looking to de-risk supply chains against the uncertainties of a volatile geopolitical and economic climate.

ESG is climbing up the agenda in regional private credit markets, but it is not yet moving the needle on most real estate transactions.

Interest rate cuts could encourage greater activity as market turbulence begins to subside, but not in the short term, say participants in PERE’s US roundtable discussion.