European Outlook 2024 - Focus on Germany 2023 | Real Asset Live | 13 December 2023 | CMS Hasche Sigle, Lennéstraße 7, 10785 Berlin, Germany

Germany has consistently been the economic powerhouse of Europe and this year is set to overtake Japan as the world's third-biggest economy, according to the International Monetary Fund. It remains Europe's second-largest real estate market after the UK. However, rising interest rates and general market uncertainty have created a pause in activity in real estate transactions. The latest MSCI data show that deal volumes have fallen by 62% so far this year, with offices the worst-hit sector. The gap between sellers' and buyers' expectations is the widest in Europe. What are the challenges ahead and long-term implications of current macroeconomic and geopolitical headwinds? Will Germany continue to attract significant international capital or are we likely to see a bigger focus on domestic investment? What are the risks and outlook for the market? What are the opportunities?
• Is international capital still focused on Germany opportunities? What is happening with capital flows?
• What are international investors looking for in terms of strategy? Core? Opportunistic? Value-add?
• Who is looking to buy and who might sell? Is re-pricing happening?
• What is the situation with Debt Financing in Germany? Who is still actively financing and refinancing?
• Which sectors are likely to outperform? Which are proving the most resilient in the current market?
• Logistics investments have been a real focus for investors - challenges? Opportunities?
•Residential and the related Living sectors are growing across Europe - what is the outlook for Germany?
• The office sector seems stable in Germany - what are the short and longer term trends and outlook?
• Alternative sectors like healthcare, life sciences, self-storage, data centres are gaining traction - are niche sectors an opportunity?
• Which of Germany's top 7 cities offers the best prospects?
• Are investors looking beyond the top cities to secondary and tertiary markets too?
• Which investment strategies are best suited to the current market?

2023 Speakers

Dr. Marcus Cieleback
Chief Urban Economist, PATRIZIA Immobilien AG

Markus Beran
Head of Origination International Investors, Berlin Hyp AG

Philipp Schönnenbeck
Partner, CMS Hasche Sigle

2023 Partners

ASSOCIATIONS AND SUPPORTING PARTNERS:
• Urban Land Institute
• Rics
• Nrev
• Epra
• ICSC
• IPF
• Frankfurt