BNP Paribas REIM

We are delighted to present our latest comprehensive Lighthouse report – 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤, 𝐢𝐭𝐬 𝐨𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐮𝐬𝐢𝐧𝐠 𝐢𝐭𝐬 𝐢𝐧-𝐡𝐨𝐮𝐬𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐬, 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐞𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞 𝐨𝐟 𝐢𝐭𝐬 𝐥𝐨𝐜𝐚𝐥 𝐭𝐞𝐚𝐦𝐬. The European real estate market enters a recovery cycle and offers new investment opportunities : - 𝐓𝐡𝐞 𝐞𝐮𝐫𝐨𝐳𝐨𝐧𝐞 𝐢𝐬 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐚 𝐬𝐭𝐞𝐚𝐝𝐲 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲, supported by low unemployment and increased consumer spending. This positive outlook, coupled with expected interest rate cuts, is setting the stage for market opportunities. - 𝐅𝐫𝐨𝐦 𝐌𝐚𝐧𝐚𝐠𝐞 𝐭𝐨 𝐆𝐫𝐞𝐞𝐧 𝐭𝐨 𝐕𝐚𝐥𝐮𝐞 𝐀𝐝𝐝: The market phase enables the further development of existing properties into sustainable, low-emission buildings. - Demographic shifts are highlighting previously overlooked sectors: 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐫𝐞 𝐞𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠. High demand and stable returns characterise these growing markets. - The office market faces ongoing challenges with high vacancy rates. However, 𝐩𝐫𝐢𝐦𝐞 𝐨𝐟𝐟𝐢𝐜𝐞 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 𝐢𝐧 𝐜𝐞𝐧𝐭𝐫𝐚𝐥, 𝐰𝐞𝐥𝐥-𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐦𝐚𝐢𝐧 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 and offer strategic investment opportunities due to expected rental growth and strong long-term fundamentals. Download the full report here: http://spkl.io/60484CJDw 📸 © pixabay / Squirrel_photos #LighthouseReport2024 #BNPParibasReim #MarketTrends #InvestmentStrategies #ESG Investing involves risks, in particular the risk of capital loss.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐃𝐚𝐲 We are delighted to have hosted our Global Investor Day on 25 June in Paris. This was the key finding of the participants from seven countries at our annual pan-European Event. With cross-sector expertise, a detailed look was taken at the challenges and opportunities investors should be aware about. The European property market is undergoing a transformation process that is requiring investors to adapt their strategies. There are opportunities in the hospitality, healthcare, leisure and, underpinned by #ESG factors. 𝐓𝐡𝐞 𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐜𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐢𝐬 𝐊𝐞𝐲. Partnerships are playing an increasingly important role in success. Synergies between Real Estate and the hospitality, healthcare and leasure operators. The exchange of knowledge, skills and data between companies is the one of the keys to developing sustainable solutions. 𝐄𝐒𝐆 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐜𝐞𝐧𝐭𝐫𝐚𝐥 𝐚𝐧𝐝 𝐭𝐡𝐢𝐬 𝐰𝐢𝐥𝐥 𝐧𝐨𝐭 𝐜𝐡𝐚𝐧𝐠𝐞. That is why we must not forget the existing properties! During a visit to Rue d'Artois 16, all participants were able to see for themselves how refurbishments can optimize energy and reduce CO2 consumption. At the same time, our architectural heritage is being preserved. 𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐠𝐫𝐨𝐰𝐭𝐡: It is worth taking a look at established asset classes such as hospitality. But leisure also offers growth potential: sustainable and experience-orientated projects offer added social value. We would like to thank everyone involved for the successful event and the valuable discussions in the panels and beyond. Special thanks go to our guests Munish Datta मुनीश दत्ता (Fellow, University of Cambridge), François GEORGES (Groupe Sandaya), Frédéric Durousseau (Clariane) and Francesco Varni (QC Terme) for their complementary insights. We would like to thank our team Jean-Maxime Jouis, Laurent Ternisien, Greg Mansell, CAIA, Paul Darribere, and Nehla KRIR for their expertise. 📷 © BNP Paribas REIM France #GlobalInvestoryDay #ESG #SustainableDevelopment #MarketInsights

Investment Trends Diverge Real estate investment strategies are diverging, with a clear split between large international and domestic investors. 'Investment Trends Diverge' of Greg Mansell, CAIA in our Lighthouse Report delves into this phenomenon, highlighting the evolving landscape of real estate investments. 🌐 Return of Large International Investors: The largest investors, who dominate European real estate investment, are poised to return to the market. Their comeback, driven by improved financial conditions and opportunities in diverse property types, could enhance market liquidity and positively influence pricing. 🏠 Decisions for Domestic Investors: Domestic investors, traditionally focused on smaller, local property deals, are now reassessing their investment strategies. Faced with changing market dynamics, they may consider diversifying beyond their traditional office property focus. 📊 Contrasting Investment Trends: The real estate sector is witnessing divergent approaches: large investors expanding into international and niche markets, and domestic investors maintaining a focus on familiar local markets. This divergence highlights the evolving landscape of real estate investment strategies. Read the full analysis in our latest issue of the Lighthouse Report. Download the full report here: http://spkl.io/60464Fr92 #LighthouseReport2024 #RealEstateDynamics #InvestmentTrends #GlobalVsLocal #StrategicDivergence Investing involves risks, in particular the risk of capital loss.

Why Real Estate? Aside of an arriving tactical window of opportunity for real estate investments in 2024, improving portfolio performance and embracing sustainability are at the forefront of real estate strategy, as Thomas Kotyrba explains in "Why Real Estate?", a key focus of our Lighthouse Report. Discover how strategic real estate investments are essential in today's market to enhance your investment strategy.   📈 Elevating Portfolio Efficiency: Increasing real estate allocation from 12% to 20% (as an example) can significantly enhance portfolio returns and reduce volatility. This shift, as revealed by Kotyrba's analysis, underscores real estate's role in improving overall portfolio efficiency.   🌍 Real Estate in a Global Context: With the increase in global assets under management of institutional investors, a multi-asset class view offers a clear picture of the general characteristics of real estate. In addition to the efficiency of the investment, real estate comes with a number of levers on the asset itself, complemented by the backbone function of our everyday activities. These factors pay into the clear diversification potential of property investments.   🔄 Strategic Allocation and Sustainability: A higher allocation to real estate not only optimizes portfolio performance but also aligns with sustainability and long-term trends. Focusing on sustainable real estate investments can yield stable incomes, coupled with inflation-linked leases, and increased asset value, enhancing the environmental and social appeal.   Read the full analysis in our latest issue of the Lighthouse Report and stay tuned for more insights from our Lighthouse Report. Download the full report here: https://lnkd.in/eHsRnHWW #LighthouseReport2024 #RealEstateInvestment #PortfolioEfficiency #Sustainability #StrategicAllocation   Investing involves risks, in particular the risk of capital loss.

[LIVING THOUGHTS] Our new Research paper was just released by our Team. According to our experts, the European property market should reach a tipping point in 2024, offering a good strategic investment opportunity. Why is this the case? The reasons are complex, here is a brief preview of our analysis: ➡️Financial market dynamics: Changes in bond yields have a direct impact on property prices, with recent rises leading to falls in value. ➡️Pricing: Property prices are based on expected returns and cost of capital, which requires complex investment valuation. ➡️Government bond yields: Historically, low government bond yields have depressed property yields but show the close link to the financial market. 🔎 Discover the full paper here: http://spkl.io/60444L3u8 📸 © Adobe Stock – Jeff #LivingAssets #Livingthoughts #realestate Investing involves risks, in particular the risk of capital loss.

Let's meet at #MIPIM 2024! We're looking forward to a week of inspiring face-to-face meetings at MIPIM. This year we're pleased to be able to present a number of investment opportunities across a wide range of asset classes, from office and residential to healthcare. Join us and meet our team of experts, including Isabella Chacón Troidl, Vincenzo Nocerino, Benoît De La Boulaye, Guillaume Delattre, Laurent Ternisien, and Jean-Maxime Jouis, who will be on hand to discuss innovative investment strategies and insights. Stop by: 📍 Stand: R7.E73 📅 March 12-15, 2024 ✅ Where? Palais des Festivals We look forward to seeing you there! 📸 ©️ Adobe Stock / Andrei Antipov #LivingAssets #BNPPREIM #Investment

Let's support him! #mipim2024

Time for Value-Add: A Strategic Shift in Real Estate Investment   Nicola Franceschini highlights a transformative shift in property investment with 'Time for Value-Add'. In our Lighthouse Report, he highlights the increasing focus on capital growth opportunities, underlining this approach as a key strategy in today's evolving property market.   🔄 New Investment Focus: The market's shift from low interest rates has opened doors for strategies targeting capital growth. Today's environment is ideal for value-add strategies due to the broad repricing of riskier assets.   🏗️ Riskier Assets Opportunities: Current market conditions present numerous assets suitable for value-add strategies. These assets, while riskier, offer potential enhanced returns due to adjusted prices and are increasingly requiring upgrades to meet market standards, driven by factors like capital shortages and market polarisation.   🌱 Sustainability in Improvements: Light refurbishments focusing on sustainability, such as relamping and solar panels, are becoming a priority. These improvements are vital for reducing carbon emissions and addressing climate resilience.   🔄 Strategic Refurbishments: Significant refurbishments, including change of use, may be necessary for some assets to align with occupier demands. This approach can lead to impactful investments, enhancing both environmental and social aspects, but comes with higher risks and requires higher returns.   Read the full analysis in our latest issue of the Lighthouse Report and stay tuned for more insights from our Lighthouse Report. Download the full report here: https://lnkd.in/eHsRnHWW   #LighthouseReport2024 #ValueAddInvestment #RealEstateStrategy #SustainableDevelopment #MarketInsight   Investing involves risks, in particular the risk of capital loss.

Polarisation is Next: A Critical Insight Polarisation is shaping the future of property. In our Lighthouse Report, Nicola Franceschini reveals how 'Polarisation is Next' is transforming the industry. This significant trend, which emerged in the aftermath of the global financial crisis, will continue to redefine the real estate landscape in 2024 and beyond.   🛍️ Retail Sector's Continued Divergence: Originating in the retail sector, prime shopping centers with a focus on experience have been outperforming in the face of e-commerce growth. The pandemic, however, intensified this polarisation. Fashion and luxury markets in cities like Paris and Milan witnessed increased prime rents, while secondary locations faced greater struggles.   🏢 Office Sector's Evolution: In the office sector, polarisation has been propelled by the quest for high-quality, sustainable properties. The shift towards remote working and economic pressures are leading companies to opt for more expensive but smaller office spaces, resulting in rising prime rents.   🔍 Expanding Beyond Traditional Sectors: The spotlight is also shifting to logistics, residential, healthcare, and hospitality sectors, which show stronger fundamentals than traditional office and retail spaces. However, the inclination towards ESG-compliant properties in these sectors is expected to create a "green premium," further driving polarisation.   Read the full analysis in our latest issue of the Lighthouse Report and stay tuned for more insights from our Lighthouse Report. Download the full report here:   #LighthouseReport2024 #RealEstatePolarisation #EmergingTrends #ESGInvesting #InvestmentInsight  Investing involves risks, in particular the risk of capital loss.  

Vortrag zum Social Impact an der TUM – Schluss mit Ausreden „Es gibt viele Ausreden, warum es derzeit so wenige Artikel 9 Real Estate Produkte auf dem deutschen Markt gibt, aber keine guten“ – diese klaren Worte fand unsere ESG-Managerin Piera Walter in ihrem Vortrag an der Technischen Universität München (TUM). Im Rahmen der TUM-Veranstaltungsreihe „Sustainability in Real Estate“ haben sich Piera und Isabella Chacón Troidl in der vergangenen Woche mit vielen interessierten Student:innen ausgetauscht und in einem Vortrag über möglicher Case Studies für Social-Impact-Investmentstrategien gesprochen und erklärt, warum die Governance hinter einem solchen Vorhaben so viel mit Change of Mind und einer Feed-Forward-Kultur zu tun hat. Denn eines ist klar: Statt proaktiv entscheidende Schritte zu gehen, wird in Deutschland lieber auf regulatorische Vorgaben oder Guideance gewartet – im Ausland auch gerne als German Angst" benannt. Vielmehr gilt es, jetzt mit gutem Beispiel voranzugehen und neue Standards zu setzen. Ein echter Change of Mind fängt immer auch im eigenen Unternehmen an und sollte von den Führungskräften vorgelebt werden: ✅ Für das richtige Mindset im Unternehmen sind Feed-Forward und die Wahl der richtigen Vorbilder entscheidend. „Superhelden“ in Form von Einzelkämpfern und alleinigen Siegern haben ausgedient und sind hinderlich für Innovation und Fortschritt. ✅ Trial and Error sowie eine „positive“ Feed-Forward-Kultur mit einem zukunftsorientierten Blick auf positive Veränderungsmöglichkeiten sind wichtiger denn je. ✅ Die Übernahme von Verantwortung durch jeden einzelnen. Wir bedanken uns, bei allen teilnehmenden Student:innen für ihre Zeit und die abschließende Diskussionsrunde! 😊 📷 © Technische Universität München #BNPPREIM #LivingAssets #SocialImpact #ESG #ChangeofMind #Investment #RealEstate