GRI Club Europe

“The market is tough,” admits Maciej Dyjas, discussing his outlook for CEE’s real estate market given the current economic climate and recent geopolitical shifts. 🔹 Maciej and Nebil Senman, Co-Owners and Managing Partners at Griffin Capital Partners, sat down with GRI Club for an interview during CEE GRI 2024 in Warsaw to share their insights into the current state of the market and how they see the situation developing going forward. They also outline Griffin’s strategy of focusing on businesses with strong fundamentals and seizing opportunities as first movers in sectors like student housing and PRS, while explaining how Griffin leverages proven global concepts to introduce them to the CEE region. 🔗 Watch the full interview here: https://lnkd.in/eqXp-PRZ #griclub #realestate #cee #capital #investment

“The market is tough,” admits Maciej Dyjas, discussing his outlook for CEE’s real estate market given the current economic climate and recent geopolitical shifts. 🔹 Maciej and Nebil Senman, Co-Owners and Managing Partners at Griffin Capital Partners, sat down with GRI Club for an interview during CEE GRI 2024 in Warsaw to share their insights into the current state of the market and how they see the situation developing going forward. They also outline Griffin’s strategy of focusing on businesses with strong fundamentals and seizing opportunities as first movers in sectors like student housing and PRS, while explaining how Griffin leverages proven global concepts to introduce them to the CEE region. 🔗 Watch the full interview here: https://lnkd.in/eqXp-PRZ #griclub #realestate #cee #capital #investment

Alicja Kuczera, CEO of the PLGBC Polish Green Building Council, sat down with GRI Club at CEE GRI 2024 to share insightful perspectives on the trends in certified buildings in the Central & Eastern European region amidst economic challenges. 🔹 While the construction sector has seen a decline in activity, the trend in certified buildings remains stable, reflecting steady commitment to sustainability. And this dynamic is present in a wide range of assets, with Alicja noting the fact that warehouses have recently surpassed offices in certifications. Underlining PLGBC’s focus on transforming the Polish built environment through a strategy centred on climate change, circularity, biodiversity, and occupant health, Alicja points out that Poland now has over 2000 certified buildings, with certifications including LEED, BREEAM, and many others. 🔗 Watch the full interview here: https://lnkd.in/d9Ww96P3 #griclub #realestate #cee #economy #esg

In just under two weeks, Europe’s most prominent figures in real estate will gather to honour the most visionary and transformative projects, companies, and minds in the industry. ✨ GRI Awards Europe 2024 has been playing out over the past two months, as 416 groundbreaking projects from more than 25 countries faced a meticulous voting process. The official GRI Awards Europe 2024 ceremony will take place on 10th September in Paris, alongside Europe GRI 2024, where the pinnacle of excellence in European real estate will finally be unveiled. 🔗 See the full list of finalists and cast your vote now: https://lnkd.in/dweFxdYy #griclub #realestate #awards #europe #excellence

While some real estate investors have been holding off for clearer signs on the right time to re-enter the market amid ongoing uncertainty, others are focusing on potentially more appealing opportunities higher up the capital stack. 🔹 Investor interest in real estate debt has grown in recent times, driven by higher interest rates and the perception of more stable returns amidst declining property values. This perception has been validated by the first results of the newly launched MSCI Inc. Europe Quarterly Private Real Estate Debt Fund Index, which posted a 3.7% return for the year ending December 2023. The performance was largely driven by senior-lending funds, which delivered a 5.8% return and accounted for 53% of the net asset value (NAV) of the funds monitored by the index. Whole-loan funds also saw strong results, returning 7.4% and comprising 28% of the tracked NAV. In contrast, subordinated/mezzanine loan funds, which represent 16% of the NAV, saw a decline with a -8.6% return for 2023. This still fared better than the MSCI Pan-European Quarterly Property Fund Index (PEPFI), which posted a total return of -9.3% for the same period. 🔗 Read all insights in MSCI’s Europe Quarterly Private Real Estate Debt Fund Index, hosted on the GRI Hub: https://lnkd.in/dKEPBRyp #griclub #realestate #debt #investment #europe

As global travel trends shift and market dynamics evolve, the Spanish hospitality real estate sector continues to stand out as a key market for investors in 2024. The latest GRI Club report brings together insights from conversations between top industry decision-makers during our Hospitality Investments in Spain Club Meeting, co-hosted by Numa, and dives into the key trends shaping the market. 🔹 Is high-end hospitality still leading the charge? 🔹 Where are the hidden gems driving the biggest returns? 🔹 Could alternative accommodations be the next game-changer? Get answers to these questions and more in our new report, packed with exclusive insights from industry leaders. Don’t miss out on key trends that could shape your next strategic move. 🔗 Read the full report now: https://lnkd.in/da2UFktV #griclub #realestate #spain #hospitality #investment

The real estate industry is living through a fast-shifting cultural and economic landscape to which it must rapidly adjust, with many believing the best days for the industry are over. Wenceslao Bunge, Global Chairman of the Real Estate Investment Banking division at JLL, with a more optimistic outlook, doesn’t concur. 🔗 Read the full exclusive interview with Wences here: https://lnkd.in/dKhuBK4k “I'm a believer, and I put my money where my mouth is,” shared Wences during an exclusive interview with GRI Club. ”I was at an investment bank for thirty years. I decided to change my career and join a real estate company, as opposed to a bank, because of my belief in the industry, and my belief that the industry is becoming more and more institutional, and more and more professional.” “I don’t believe interest rates are going to go up again, and we haven’t seen the level of leverage that we saw back before the GFC, and so I strongly believe that the worst is behind us.” Wences shares his expert perspectives on the volatility in European real estate at present, including the looming threat of contagion from the US, how investors are finding value in such an unpredictable environment, and which real estate assets are proving the most liquid. 🔹 The million-dollar question is: Are we poised for vintage gold or are the best days behind us? Join Wences at Europe GRI 2024, where he will be answering this question along with an expert panel of other industry leaders during the opening discussion session. #griclub #realestate #europe #investment #market

🔗 The investment opportunity in Italy’s student housing sector is considered enormous. Read the full GRI report here: https://lnkd.in/g58aqAqc Major Italian cities such as Milan and Rome are seeing a substantial demand for Purpose-Built Student Accommodation (PBSA), driven by the combination of large student populations and inadequate supply of housing. 🔹 Attention is coming from both Italian and international real estate players, and the market is often compared to other flourishing European student accommodation markets, including Spain and the UK. Lessons can certainly be learnt from these markets, however Italy is a unique beast, which international experience alone cannot overcome. International developers must adapt to the local context, including the specific economic constraints of Italian students and their families, differing from the international trend where initial demand was driven by international students. 🔹 Challenges include lengthy planning processes, high remediation costs, and municipal interference. Furthermore, with rising construction and labour costs, planning and cost management before and during construction must be meticulous and detailed in order to make projects feasible. Access all takeaways from the exclusive GRI Club investor roundtable discussion in the latest report, including matters such as construction cost management, proptech integration, managing stakeholders including universities and the community, and mixed-use and short term rental strategies within student living. #griclub #realestate #italy #studenthousing #investment

As the real estate market landscape shifts and traditional lending avenues are tightening their grip, developers and investors are left with a critical question: How do we bridge the ever-widening gap in real estate financing? 🔹 Is debt still a viable solution, or has it become increasingly burdensome? Which capital structures are best positioned to fill the lending gap and support the next phase of growth? These are among the questions to be discussed at the senior closed-door roundtable at Europe GRI 2024, moderated by Brad Greenway, Co-Head of Debt and Structured Finance, International Capital Markets EMEA at JLL, alongside fellow GRI Club members and other senior real estate market decision-makers. 🔗 Find out more here: https://lnkd.in/dkCzJV52 #griclub #realestate #debt #investment #europe

Maxime Michaux, Directeur JLL Ingénierie chez JLL, a assisté au France GRI 2024 où il a donné une interview exclusive sur l'importance et la mise en œuvre de l'ESG et de la technologie dans les projets immobiliers. 🔹 L'ESG a connu une véritable accélération en France. Tout d'abord, avec l'introduction de diverses réglementations, et deuxièmement, avec l'augmentation aiguë de la prise de conscience environnementale. L'intégration des critères ESG commence dès la phase de programmation du projet, en collaboration avec les clients pour définir leurs ambitions environnementales. 🔗 Suivez l’interview complète avec Maxime ici : https://lnkd.in/dmDRXfjt #griclub #immobilier #france #esg #technologie