Lauren Kelch
Director - Client Experience, Hines
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All Types | FREE | €50.00 |
Real estate is undergoing a shift towards becoming more operationally intensive and requiring more active asset management in response to evolving customer requirements, particularly around flexibility and the provision of amenity and services.
According to CMS research, an average of 28% of real estate assets are currently being repurposed and another 31% of assets is set to be repurposed in the next five years. The most common change expected when repurposing an asset over the next three to five years is into operationally heavy residential or mixed use. Operational sectors also dominate the sector rankings for investment and development prospects, as they are underpinned by global megatrends such as energy transition, information technology, demographics and urbanisation (ULI & PwC’s Emerging Trends in Real Estate, Europe 2024 report).
Operational customer-centric real estate is set to outgrow institutionally invested traditional real estate sectors across Europe. Consequently, active asset management is increasingly important in the delivery of real estate returns. For real estate investors, expansion into operational real estate lowers leasing risk, drives enhanced risk-adjusted returns, introduces portfolio diversification, brings exposure to less cyclical demand and facilitates improvements in environmental asset performance by utilising technologies which bring the investor closer to the occupier.
This webinar will bring real estate investors, operators and occupiers closer together. Join us for an informative webinar on the outlook for real estate as an increasingly operational asset class and implications for investment and asset management.
Director - Client Experience, Hines
Managing Director, ARC Club
Chief Growth Officer , IMMO Capital
Emeritus Professor, University of Oxford, Said Business School
Moderator
Founding Partner, OPREIM