Patrizia’s head of European real estate, Philipp Schaper, said that last year was a challenging year but that this year “everybody is preparing their boat for better weather”.
Schaper sees a reduced appetite from institutional investors from real estate and expects to invest a lot into existing portfolios. This could be on financing or also on capex, such as ESG measures.
Check out the video above to hear more of Schaper’s thoughts on navigating the iceberg through summer and prevent it from melting.