Thomas Beyerle, Managing Director, Catella Property Valuation GmbH
08.50: Panel Discussion:
Felix Bauer, CEO, Deutsche Real Estate Funds Advisor
Thomas Beyerle, Managing Director, Catella Property Valuation GmbH
Douglas Edwards, Head of Institutional Business International, KGAL Capital GmbH & Co. KG
Philip La Pierre, Head of Investment Management Europe, Union Investment Real Estate
Michael Walton, Chief Executive, Rynda Property Investors
Stefan Wundrak, Head of European Research, TH Real Estate
10.00 – 10.30: Coffee & Networking
THEMES & DISCUSSION TOPICS
TRENDS, RETURNS, PRODUCT
German GDP growth has been better than expected in Q2. What is the impact of the country’s solid economic outlook on real estate markets?
As the UK is still reeling from the Brexit vote, has Germany replaced the UK as international investors’ favourite destination in Europe?
The market is attracting investors from far and wide, as shown by Samsung’s acquisition of Commerzbank Tower in Frankfurt. Who are the new players looking at the German market?
Have the type of deals changed? More portfolio deals?
What are the key changes that you see in the market compared to 6/12 months ago?
German open-ended funds attracted record inflows of €4.4bn in the first six months of the year, double the yearly 2015 figure. What is driving this and is it sustainable?
What about the risk scenarios? What is the likely impact on the sector of political elections next year and of the refugee crisis?
Is there more capital than product in the current market? Especially at the core end?
Is the lack of core product driving investors to niche markets and secondary destinations?
Are there specific sectors or markets that are hotter than others with the international capital? Is this different for local capital or is there competition on all deal types?
How is Europe’s largest residential sector performing? Is it still a compelling investment case?
Where are the best opportunities in resi – at the high end, in affordable housing or in microliving?
Investments in student housing are expected to top €1bn for the first time this year: Germany is catching up with the UK. Will this upward trend continue?
Retail is performing well due to the strong economy. Will it continue to do so and what are the main drivers and opportunities in the sector?
Germany has been less affected by the e-commerce revolution. What are the prospects of logistics in the country?
What is the outlook for the office sector? Will Frankfurt, Berlin and other German cities benefit from banks’ and companies’ potential flight from London?
How is the occupier market in Germany developing? What about rental growth potential?
Given the obstacles to development in German cities, is refurbishment a good option?
Is Financing available? What are the key trends? What is the range of debt available?
Regulation, legal updates? Anything we need to know?
Is the market more competitive than 6 months ago? What is the current position and likely trend over the remainder of the year?
What are investors’ return expectations? Are they realistic?
How important is sustainability? Green leases?
5oo Million – where would you invest in Germany?
The Deal of the Year– Germany: what is your choice for the best or most influential deal so far this year?