Jeremy Convert

“Over the past ten years, growth has been driven by compression of cap rates, but that is no longer the case,” explains Arnaud Broussou, Chairman of Colliers Global Investors France. “Right now, we need to find new leverage to create value in real estate through very accurate asset management.” 🔹 Arnaud recently attended France GRI 2024, during which he gave an exclusive interview addressing investment strategies in French real estate, as well as the wider health of the French economy. Regarding outlooks shared among other investors during the discussions at the event, Arnaud revealed a variation in strategies, with investors focusing more on smaller deals, and sentiments showing a level of caution. Looking at the figures, Arnaud recalls that this year France saw the lowest first quarter of real estate market transactions since 2009. However, he remains optimistic, sharing that he now sees a light at the end of the tunnel - a tunnel in which we have been for several years. The real estate market must now hope that geopolitical issues won't disrupt the anticipated recovery, Arnaud warns. 🔗 Watch the full interview with Arnaud Broussou here: https://lnkd.in/dqtWBRYN #griclub #realestate #france #economy #growth

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KKR's European real estate platform takes center stage as PropertyEU’s May cover story. Read the full interview with my colleague Guillaume Cassou on the history and evolution of #KKRRealEstate in the region, its strategies and our team: https://go.kkr.com/4bQJjQc

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I'm thrilled to share some key insights from our latest research study from BNP Paribas Real Estate- Europe CRE 360, shaping the European economy: ✔ Economic Recovery is Gaining Momentum: Despite global challenges, the economy has shown remarkable resilience. We're expecting global GDP to grow by 2.9% annually in 2024 and 2025, supported by rising real incomes and lower interest rates in the Eurozone. ✔ Inflation Rates are Stabilizing: Inflation is making significant strides toward central bank targets, driven by global factors. While there is still work to be done domestically, the progress is encouraging, and central banks remain cautiously optimistic. ✔ Investment Markets are Settling: €141 billion was invested in commercial real estate over the past year, a 26% decrease compared to the previous year. However, the rate of decline is slowing, signaling stabilization in the CRE sector—a positive sign for future growth. ✔ Office Lettings Show Resilience: In H1 2024, 3.72 million sqm were transacted across 18 key European markets, aligning with 2023 levels. While some markets experienced declines, many saw a rebound, and overall volumes are expected to match last year's performance. ✔ Logistics Sector Remains Steady: Although take-up decreased by 5% in H1 2024, investment in industrial and logistics assets increased by 6% across Europe. Yield stabilization and investment growth in several countries suggest a promising outlook for the remainder of the year. ✔ Retail Market Shows Promising Prospects: Investor interest in retail assets is selective but growing, with the sector gaining traction in Q2 2024. The resilience of the occupier market, bolstered by returning tourism and slowing inflation, is expected to boost consumer confidence and domestic consumption. A big thank you to my colleagues at BNP Paribas Real Estate for compiling these valuable insights, and to all the alliances for providing the comprehensive information needed to have such a report. If you're a client looking for detailed reports or specific insights tailored to your needs, we're here to help. Reach out to us, and let's navigate these exciting times together! 🚀 You can also download the full Europe CRE 360 report on the BNP Paribas Real Estate corporate website: https://lnkd.in/dXUnrerF #RealEstate #EconomicRecovery #Investment #Logistics #Retail #BNPParibasRealEstate #MarketInsights #ClientFocus

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BNPPRE's team of 80+ ESG experts have created a new magazine - ESG IN PERSPECTIVE - where we reveal how a strategic, pragmatic and staged approach can create resilient real estate. Even I have contributed to it! ESG IN PERSPECTIVE is available here: https://lnkd.in/eYazQZkS #Energy #SocialValue #FutureProofing #ESG

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A recent discussion at the PERE Network Europe Forum spotlighted opportunities in European residential real estate... noting the strategic importance of different living sub-sectors and highlighting the appeal of both regulated and non-regulated markets. In Europe, it's necessary to navigate a diverse regulatory landscape, and the evolving dynamics offer significant potential for growth. This article from PERE sheds light on the current investment climate and strategies for those looking to invest and/or expand in the European residential market. #RealEstateInvestment #EuropeanMarket #InvestmentStrategies #BTR #RentalHousing #Multifamily #PBSA #LivingSector

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📢 Excited to share the latest European CRE research study! Big thanks to BNP Paribas Real Estate and all alliances for compiling this data! Special thanks to Antoine Giraud for the support. You can find the full research study on BNPPRE Corporate Website: https://lnkd.in/e2ncK-vf For further details, feel free to reach out to us directly. These are the main takeaways from our latest European CRE research study: 1.Global Economic Strength: The global economy is resilient, poised for +2.9% growth despite challenges. Advanced economies are accelerating, while emerging markets show a modest slowdown. Eurozone's economic activity is set to pick up, driven by improved purchasing power and falling interest rates. 2.Core Inflation Decline: Core inflation is on a downward path across G7 countries and the Eurozone, signaling stability. Despite a rebound in the US, overall inflation continues to slow. 3.Office Market Insights: Q1 2024 saw a modest start in office transactions, but resilience is evident. Quality and sustainability remain key, driving values up for modern buildings. 4.Flight to Quality Continues: Hybrid work models are here to stay, emphasizing the importance of quality workplaces. Rising demand for energy-efficient, sustainable buildings is reshaping the market. 5.Investment Outlook: While there's been a decline in investment volume, signs of stabilization are emerging. Not all sectors are affected equally, with hotel investment showing improvement. 6.Yield Stabilization: Q1 2024 marks a phase of yield stabilization across European markets, reflecting market maturation. Let's navigate the evolving economic landscape together! #GlobalEconomy #BusinessTrends #InvestmentOutlook"

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Yesterday, I'm pleased to say we launched the Emerging Trends in Real Estate: Europe 2025 (link to report below). The headline was one of increased optimism and positive outlook for 2025 - with 80% of real estate leaders expecting business confidence and profits to stay the same or rise. 📈 But there were many caveats to this optimism including geopolitical developments and a focus on (fragile) economic growth prospects. This joint collaboration between PwC and the Urban Land Institute (ULI) provides a comprehensive outlook on real estate trends, sentiment in the industry. I'm looking forward to roll out with c20 launch events across the EMEA network. Starting with Brussels this week and London next! Discover more insights in this year's report here: https://lnkd.in/eZUXnbJn #ETRE2025 #realestate #realassets Jean-Baptiste Deschryver Thomas Veith Robert Walker Ainsley Moore Simon Hampton Jeroen Bus René Paulussen Helena Ehrenborg Jorge Figueiredo Rafael Pérez Guerra Søren Thorvaldsen Keller Kinga Barchon Elin Young Serge de Lange Lia Turri Geoffroy Jonckheere, MRICS Grégory Jurion Geoffroy Schmitt Richard Jones Sebastian Zollinger Marius Richter Umurcan Gago Constantinos Constantinou Lisette Van Doorn Simon Chinn Simon Fairchild Saira Choudhry Vickie Tallon

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Intent Technologies, led by Benjamin U., raised €5M from Amundi Private Equity, along with Nexity and Banque des Territoires, to advance innovation in real estate data management. #RealEstate #PropTech #EnergyEfficiency #DataManagement #UrbanTech #Sustainability #BuildingManagement #IntentTechnologies #Amundi #PropTechBuzz #PTB #PropTech #Innovation Read More - https://lnkd.in/d3iifuwe —---------------------- If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem. Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to [email protected].

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International investment firm Global Gate Capital has acquired an iconic residential building in the 17th arrondissement of Paris. https://lnkd.in/gay7epTy The Haussmann-style property, built in the 1920s, covers approximately 5,000 square meters. It stands at the intersection of Meissonier, Prony, and Cardinet streets. The acquisition marks Global Gate's third residential transaction in Paris over the past 18 months. Rudy Sayegh, Chief Executive Officer of Global Gate Capital, says, "This acquisition reflects our strategy to secure high-quality assets in strategic locations, continuing our pursuit of sustainable value creation for our investors. We remain focused on opportunities that leverage our expertise in repositioning assets to meet today's standards." Florent Jeanneau, Head of French Real Estate at Global Gate Capital, says, "We are delighted with the acquisition of this iconic building. Our goal is to enhance its value while respecting its historical character, and we see great potential for value creation in the Paris market." #Paris #residential #Consorto Global Gate #investment #CREEurope #retwit #followus

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BNP Paribas REIM: European real estate in recovery mode The European real estate market is entering a recovery cycle and offers new investment opportunities, according to The Lighthouse H2 2024, BNP Paribas REIM’s European property market outlook, that has just been published. Access the full story now at #realassetinsight: https://lnkd.in/eX-VaJi8

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An interesting look into the European triple net lease market, its size & the attractions of investing in the segment. Market conditions make it an attractive play on a risk adjusted basis.

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David Leshnick and I discussed with PERE why now is the best time to enter the European net lease space. Please have a read and let us know if you have any questions. #netlease #realestate #Europe #income #higherforlonger #credit

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The latest results from the #MSCI France Biannual Property Index show France real estate total returns at +0.6% for the 6 months to end June 2024, marking a slight improvement compared to the declines observed in previous semesters. Although capital growth remained negative at -1.3%, this was a significant improvement to the -6.5% recorded in the previous semester. Hotel was the only sector benefiting from positive capital growth. Office was the only sector to post a (slightly) negative total return in aggregate, although Paris Office returns managed to stay in positive territory despite the decline of office capital values having continued in all geographic areas. The income situation remains challenging outside Paris, with a floorspace office vacancy rate still above 15% in the Western La Défense Crescent, and above 25% in the 1st and 2nd rings. The MSCI France Biannual Property Index tracks the performance of nearly 900 assets with a value of €53 billion as of June 2024. It is made up of 51% offices, 22% logistics/business premises, 15% retail, 11% residential and 1% other assets. For more information, https://lnkd.in/eqZUcreZ

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🌍 Building on Rael Levitt's paper in Asset Magazine and reflecting on MIPIM this year, it's evident that the African real estate sector does not receive the attention it deserves from global players. Despite a successful panel in 2016 on "Transforming Africa's Skyline, Building the Future", the organisers have not made it a priority since, and the sole representation of the continent in 2024 was Egypt at its pavilion. This oversight is myopic and must be addressed. Over the past decade, the African real estate landscape has undergone significant transformation, offering many opportunities for development and investment in emerging destinations across North and Sub-Saharan Africa. Global trends like proptech innovation and climate change mitigation measures are reshaping African real estate as operators embrace these advancements and sometimes leapfrog more mature markets. International standards and competencies, particularly promoted by RICS, are increasingly at the heart of projects and initiatives - this will be a key focus of my engagement as a member of the RICS World Regional Board for Middle East and Africa in the coming months. Hopefully, MIPIM organisers will recognise these changes and include dedicated discussions about Africa in next year's event agenda - we are looking forward to sharing the opportunities and capacities of African real estate with the world. #RealEstate #AfricanRealEstate #AfricaInvestment #MIPIM #RICS #RICSAfrica #LatitudeFive

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Great insights from the French logistics team at Cushman & Wakefield this morning. Key takeaways from the very thorough presentations by Romain and Alexis: • Strong interest from core investors after a long absence, particularly from Germany, who see potential rental growth and the defensive resilience of the French market following the 2022 correction. • No significant negative impact on investor sentiment, despite increasingly complex financing conditions for France and the convergence of prime yields across the key CRE sectors. • A slowdown in take-up across the country, with a corresponding rise in vacancy rates—though still from a very low base. Positive outlook for 2025, as highlighted by Alexis. Looking forward to digging into the data further.

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🌱Announcing Our ESG Real Estate Strategy! We are thrilled to share that Tikehau Capital has officially published its comprehensive ESG strategy for its real estate activities. This document, titled “Advancing towards more sustainable real estate assets”, sets a common ESG framework for all our real estate subsidiaries (Sofidy , Tikehau IM , SELECTIRENTE, IREIT Global), and reflects Tikehau Capital’s ambitious sustainability goals. Our ESG Pillars: 🌍 Environment: Act for the #climate and #biodiversity, towards a green real estate sector. 🏙 Social: Place human interaction at the centre of #cities and communities. 🤝Governance: Promote exemplary governance to meet sustainability challenges. This guide includes our objectives through 2030, our ongoing actions, 2023 KPIs, and case studies. Special thanks to all contributors for their invaluable input and to all the teams who implement this strategy in their businesses. 📥 To read the full strategy document and learn more about our initiatives, please visit: https://lnkd.in/e9gRb7BR #Sustainability #ESG #RealEstate #SustainableDevelopment #CorporateResponsibility Henri Marcoux Laure Villepelet, CFA Bastien Marguerite-Garin Camille Du Bois Joel Gehler

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🏠📈 Exploring Shifts in the French Real Estate Market: Despite economic headwinds like rising interest rates and inflation, France's real estate market is poised to nearly match last year’s transaction record. Discover how urban and rural shifts are reshaping opportunities across the country. #RealEstate #France #MarketInsights #GiraultProperties

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QuadReal and Valor Real Estate Partners LLP have acquired several last-mile logistics assets in France for €50 million through their joint venture partnership. These include a 7,000 sqm building in North Paris, set for an ESG-led refurbishment, and a 10,000 sqm warehouse in Lyon, both suited for third-party logistics and last-mile operators. Additionally, two properties in Paris—one near Orly Airport and another in West Paris—will undergo refurbishments to enhance their functionality. All four buildings will benefit from #BREAAM certifications and energy savings features, such as LED lighting or building management systems. QuadReal’s continued partnership with Valor is a natural extension of the teams’ joint conviction in the urban industrial asset class, a sector that continues to benefit from rapid growth in e-commerce and urbanization across Europe. "Over the past four years, alongside Valor, we have built a robust logistics portfolio in Europe, a sector that remains one of QuadReal’s key areas of conviction in our global investment strategy. These four properties, located in the high-demand regions of Paris and Lyon, add to QuadReal’s global industrial portfolio, and will benefit from the Valor team’s on-the-ground urban logistics expertise." –Thomas Blangy, Senior Vice President, International Real Estate Read the full press release: https://heyor.ca/LyNaGw #ExcellenceLivesHere #industrial #logistics #lastmile #urbanlogistics #3PL #ESG #france #paris #lyon #jv #jointventure #partnership

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