L'immobilier d'un monde qui change
The European Impact Property Fund (EIPF) has seen inflows of almost € 378m from European institutional investors and has acquired 10 assets in Europe since its inception in 2020. As per the requirements of article 9 of the Sustainable Finance Disclosure Regulation, the EIPF has demanding environmental targets. It is also seeking to diversify and continues to acquire assets in Europe.
Investment in European retail fell 40% in 2023 vs 2022, to € 26.2bn. Yet investor interest in retail assets is slowly gaining more traction in terms of investment market share (20% in Q4 23 vs 16% in Q4 22). “This level has not been seen for five years (20% in 2018). As a result, retail was the second least affected sector after hotels”, says Patrick Delcol, Head of European Retail at BNP Paribas Real Estate.
The slowdown in rental activity seen from late 2022 in some European markets then spread and was confirmed in 2023. This was due to the uncertain economic and geopolitical context and structural changes in the way offices are used. All told, take-up for the year came to 7.6 million sqm across the 17 main European markets*, down 19% vs 2022. This was 16% lower than the long-term average.
For the entire year, the take-up level stands at 308,000 sq.m. The activity showed resilience given the economic, financial, and geopolitical context, as well as the structural change in the office sector.
The investment market concluded a year of underwhelming performance, with €2.4 billion injected into Belgium's commercial real estate over the past 12 months.
In the new issue of Buzzwords (download now), BNPPRE explores real estate strategies that optimise the building sector in the long term. The 2050 European climate targets under the Paris Agreement encourage the implementation of concrete measures to reduce the energy consumption of buildings. With a view to accelerating this decarbonisation, data and innovation are currently at the heart of building management.
In this eighth edition, “The Lighthouse H1 2024 – European Property Market Outlook”, BNP Paribas REIM presents its outlook for the European real estate market using its in-house forecasts, analysis and the expertise of its local teams. Here BNP Paribas REIM defines its convictions and investment opportunities for the beginning of 2024 and beyond.
BNP PRE is dedicating its new Buzzwords issue to low-carbon initiatives in the real estate sector. This includes an exciting interview with Christophe Girard (European Head of Sustainability, BNP Paribas Real Estate Property Management), who discusses ESG regulations and the implementation of new tools to manage the performance of real estate assets. To gain a better understanding of the challenges of integrating these sustainable processes to reduce carbon emissions, today, we explore this strategic topic.
If you are looking for an out-of-the-ordinary investment asset in the Brussels-Capital Region, you should explore the Ilôt Demey mixed-use real-estate development. Located on a plot of land of just over 20 ares (i.e. more than 2,000 m²), this development, which boasts a built surface area of almost 3,000 m², will be ideal for a hybrid restructuring and heritage-preservation project.
