Welcome to today's RELPI | Interests Aligned® European Virtual Meetup focusing on the retail and shopping centre property market moderated by Arno Van Grondelle, CEO EUROPE with Community Members including Stefan Müller, Bayerische Versorgungskammer, Norbert Bol BuildingValues, Martin Bramsen, PFA, Jeroen Reijnoudt, MN, Sven Schaltegger, CFA UBS Robert Varandas Europa Capital/Mitsubishi Estate Co., Ltd., Pepijn Morshuis, Louis Radiguet, and MARK Capital Management along with a special presentation by Graham Porter.
Issues tackled: Sentiment towards retail real estate has been negative for a prolonged period. The rise of e-commerce, a pandemic and high inflation have provided headwinds – and headlines – that have dominated the consensus narrative. But do the best opportunities come when others lack conviction on pricing? As offices face their own structural challenges and investors find themselves with very large allocations to logistics and residential, is it once again time to reconsider the retail sector? Pulling back the curtain reveals that many shopping centre assets are generating pre-pandemic levels of footfall and sales, while occupiers enjoy re-based, more affordable occupancy costs. Do the high yields in the sector now overstate the risk to these more sustainable, diversified income streams and what investment criteria and asset characteristics should investors focus on?
"Interests Aligned®" is not just a tagline, it's what we do.
For more information about the RELPI | Interests Aligned® Community, please contact us at info@relpi.org.
For Investor and Consultant engagement, please contact Leigh Ann Hochman at la.hochman@relpi.org.
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