French Real Estate Market Outlook

In this issue:

• French Real Estate Market Outlook
• The Future of Real Estate: ESG, Technology & Data
• Europe GRI 2023 Highlights

The latest GRI Hub report reveals French industry expert perspectives on the country’s market nuances, challenges, and trends.

• With the looming presence of circa 110 billion euros of NPLs, questions of financing and refinancing have unravelled a power struggle between sponsors and banks.

Meanwhile, another captivating drama unfolds as urban politics and architects align their focus on the revitalisation and repurposing of buildings.

Seeking to breathe new life into the historical urban landscapes, while also faced with a scarcity of diverse property types, transformation projects are becoming a keen strategy.

However, obstacles linger in the form of financing, with lenders reluctant to confront risks associated with older building structures and the rigid property legislations.

Read the full GRI report HERE

France will be at the top of the GRI agenda next week for the GRI Forum Coup d’envoi du marché immobilier 2024, in Paris on 17th January, welcoming Hélène Baudchon from BNP Paribas as keynote speaker.

See the full panel line up and session details HERE

The Future of Real Estate: ESG, Technology & Data

Technology in real estate is an ever more vital tool to understanding buildings and ultimately achieving optimisation of space, reduced energy consumption, enhanced revenue streams, and intelligent investment.

• Yet real estate is undeniably lagging behind other sectors in the race to innovate.

GRI Club’s recent report presents the latest perspectives and insights from real estate market stakeholders regarding the implementation of technology, data, and ESG, in the real estate industry.

The costs are high, but if ignored, the losses could be higher.

Read the full report HERE

On the topic of innovation, GRI Club will be hosting Generative AI Unveiled online Club Meeting on 7th February, introducing Gen AI's potential, underscored by compelling live demonstrations of its real-world applications.

Read more and sign up here

Europe GRI 2023 Highlights

The second half of 2023 didn’t deliver the higher transaction volumes predicted by many, but the macroeconomic situation shows evidence of slowly returning to "normal", and the notable drop in inflation instils confidence for 2024.

Wrapping up 2023, we look back on the highlights from GRI Club’s largest event to date.

• With the support of lead sponsors Greenman and JLL, GRI Club gathered more than 700 of the industry’s leading dealmakers to peer test pricing and benchmark real estate strategies.

Read the full report for the exclusive takeaways from 2023’s biggest European real estate event.

And, GRI Club promises bigger and better for 2024: GRI UK & Europe Reunion 2024, at Four Seasons London on 21-22 February, will be the first GRI conference of the year.

See the full line up and session schedule here.

Other News ??

?? Europe's property boom lowered inequality, ECB says

?? Meta To Quit London West End Headquarters

???? RICS Appoints Four to Senior Governance Roles

? Europe’s Red Tape Puts €82 Billion in Housing Investment at Risk

?? Interest rate cuts to spur 2024 European property market revival

?? Lenders expected to have limited appetite for German real estate

Corporate Radar ??

?? Conren Tramway enters Madrid with investment of €60M in an office building

??? Generali and Grosvenor announce UK residential lending JV

?? Invesco sells Bondorf logistics asset in Germany to REWE Group

?? AQ Acentor buys land for €90M and hopes to triple business in 3 years (ES)

?? Ashby to grow debt exposure with UK development and junior property loans

?? Clarion Raises ￡427 Million for First UK-Only Logistics Fund

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