European Debt Finance & Investment Briefing 2022 | Real Estate Investment Briefings | 4 May 2022 | Corestate Capital Advisors GmbH, Friedrich-Ebert-Anlage 35-37, 60327 Frankfurt am Main, German

On the positive side, real estate debt is appealing because of the yield premium relative to corporate bonds, the potential downside-risk mitigation and the fact the market has been more disciplined after the GFC.

On the negative side, as economic conditions deteriorate after the pandemic, there is a downside risk to valuations. Will the crisis and uncertainty around geopolitical events make underwriting real estate values and cash flows more difficult? The economic disruption caused by the pandemic has made banks more cautious and this has increased opportunities for non-bank lenders? Is this trend set to continue? Will Europe follow in the path of the US, where non-bank lenders dominate? What are the prospects for the months ahead? Will the previous surge in institutional interest in debt continue or will we see a pause? Debt has been described as an 'investment superfood' that can enhance portfolio performance.

What are the advantages, and what are the risks? What is happening with loan sale activity in Europe? In which countries or regions is the activity likely to be concentrated? What are the prospects for investment activity in Europe this year?

2022 Speakers

Norbert Kellner
Head of Syndication Berlin Hyp AG, Germany

Matthias Sandfort
Group Head of Debt Finance CORESTATE Capital Advisors GmbH, Germany

2022 Partners

ASSOCIATIONS AND SUPPORTING PARTNERS:
• Urban Land Institute
• RICS
• NREV
• EPRA
• ICSC
• IPF
• Frankfurt