Where Real Estate Investment is Shaped by the Leaders of Our Industry
ABOUT EUROPE GRI 2024
At GRI Club, we've moved beyond the conventional real estate event format, recognizing the need for more meaningful engagement through conversations driven by the very professionals who are actively shaping the investment industry.
Europe GRI brings together top-tier real estate players from around the world, including investors, lenders, developers, and industry leaders, for two days of exclusive roundtable investment discussions, pre-scheduled meetings, and soft introductions that will enable you to focus on dealflow opportunities.
In our unique discussion setting, participants come together to collaboratively create deal flow across asset classes, investment solutions, and countries - all whilst forging valuable connections.
At Europe GRI 2024, you can find your ideal business partners, cultivate valuable relationships, and continue these conversations through members-only Club Meetings held throughout the year and on our innovative online platform.
Unique Format
Discussions
Real Estate Investments
Poised for vintage gold or best days behind us?
Alis Pay
Decarbonisation & Meeting the Climate Targets
Will it be perish or paris?
Dette et Financement France
Une classe d'actifs à part entière maintenant ?
Social Value
Quintessential demand driver, so what's the measurement problem?
Debt & Preferred Equity Alternatives
Which capital structures to plug the lending gap?
Student Housing Capital
Too good?
Light Industrial Spec & BTS
Off the table or only way to improve supply and create value?
Diversification Now!
Reallocate capital, relocate or rethink use?
Chain & Brand Hotels Buyification
Market fragmentation driving new opportunities to scale up?
Spanish Residential
Balancing the supply imbalance with more investment commitment?
Germany Investment Outlook
Maturing loans a double-edged sword for investors?
Decarbonisation & Meeting the Climate Targets
Will it be perish or paris?
- Portfolios - What is the likely impact from climate change on portfolios in terms of stranded assets and physical damages?
- Capex Impact - How will energy efficiency improve capex impact on real estate returns across Europe?
- Regulations - When will central banks launch the next wave of regulatory decarbonisation requirements?
- Cost vs. Value - How will regulations affect costs and final consumer value?
- Repricing - Will assets need to go through repricing based on construction costs?
Dette et Financement France
Une classe d'actifs à part entière maintenant ?
- Landscape - Pourquoi le marché de la dette est-il différent aujourd'hui ?
- Taux d'intérêt x Volumes de Transactions - Où est l'écart ?
- Les taux d'intérêt changent-ils notre perception de la dette ?
- Le terrain est-il stabilisé pour les prêteurs avec le réalignement actuel du marché, l'échéance des dettes et les nouveaux refinancements ?
Social Value
Quintessential demand driver, so what's the measurement problem?
- What do the communities of the future look like? What role does the RE market play?
- Development & Design - How do we make it work?
- Tenants’ Needs - What do they look like? Is it a generational shift?
- Private & Public Partnerships - How to create value together?
Debt & Preferred Equity Alternatives
Which capital structures to plug the lending gap?
- Landscape Shift - Why does the debt market look so different today?
- Interest Rates vs Transaction Volumes - Where’s the gap?
- Equity vs. Debt - Should equity funds step up their game to compete with debt funds?
- Points of View - Are interest rates changing the way we view debt?
Student Housing Capital
Too good?
Light Industrial Spec & BTS
Off the table or only way to improve supply and create value?
- Build to Suit (BTS) - How to tailor-made and create solution-driven improvements on assets?
- ESG - How can Logistics assets better leverage to ensure value?
- Spec - The key to responding to market trends and demands?
- Logistics Demand - How is technology impacting the value-chain of new developments?
- Location - Where are the premiums still to be found?
- E-commerce & Tenants Needs - Still the king factor?
Diversification Now!
Reallocate capital, relocate or rethink use?
Chain & Brand Hotels Buyification
Market fragmentation driving new opportunities to scale up?
- Market Fragmentation - Spreaded opportunities or hard to capture the local expertise?
- Assets Strategy - More investments for well-positioned trophy assets? What's left for small scale assets, are they suitable candidates?
- Assets Consolidation - From small, mid and big asset deals, what products will lead the portfolio consolidation?
- Pricing Wave Fluctuations - New opportunities for hotel buying to surge and deals to scale up, or less opportunities with pricing settled?
Spanish Residential
Balancing the supply imbalance with more investment commitment?
- Rental Opportunities - Does BTR = the best returns?
- Investor’s Profile - What requirements must be considered to align investment opportunities in Resi with owners’ current portfolios?
- “Flex” Living Tendencies - Should investors be aiming at flexible models to increase yields and address new demands?
- Development Costs - Is land price the biggest challenge for investors with already squeezed margins?
Germany Investment Outlook
Maturing loans a double-edged sword for investors?
- Germany - Europe’s most distressed country, what’s the next move?
- Lending - How to manage the risk of credit defaults?
- Pricing - Becoming more attractive, right time to unlock the vault?
- Mezzanine Funds - Making a comeback with cautious lenders in the rearview?
Debt Funding Gap
Enigmatic opportunities?
Global Capital Flows
Does all real estate still glitter gold?
Refinancing
Has the battle only just begun?
EU Taxonomy Boosts for Real Estate
Zero carbon and data capture the only value drivers?
Co Investment, JVs & Club Deals
Hybrid solutions to shake up the capital stack, but does everyone get value?
Portugal Mixed-Use
Do the fundamentals match the ticket sizes?
Resi Rental Models in Italy
A supply/demand challenge or prime repricing opportunity?
Debt Funding Gap
Enigmatic opportunities?
- Investments - Is it time for alternative lenders to take the stage?
- Banks & Funds - Are they stepping into each other’s shoes?
- Changing Market Landscape - How should we deal with capital allocation?
- New Asset Classes - Should we take advantage of the changing market conditions?
- Fund Origination - Where is the cash NOT coming from?
Global Capital Flows
Does all real estate still glitter gold?
- Valuation Uncertainty - Still a stalemate in dealmaking or is the market finally shifting?
- Pricing - Risk curve still too great?
- Market Overview - Recession lurking in the corners of the global economy, leaving no exceptions?
- Risks - What are the key risks driving investor sentiment?
Refinancing
Has the battle only just begun?
- Asset classes - Which are in the hot seats and what drives successful market refinancing?
- Debt - Will high costs cause a deleveraging cycle?
- Liquidity - Is it time to sell your assets?
- Alternative Lenders - Do they need to step up their game?
EU Taxonomy Boosts for Real Estate
Zero carbon and data capture the only value drivers?
- Taxonomy Framework - Boosting the shift towards new ESG investments or "hard to follow" zero carbon guidance?
- Investment Risk Clarity - What is the role of data capture to balance risk-return positions?
- Capital Access - Are regulations affecting the balance of investors and lenders decisions?
- Future Challenges - How to tackle obsolete assets with increasing operational expenditures?
Co Investment, JVs & Club Deals
Hybrid solutions to shake up the capital stack, but does everyone get value?
- CRE Market - Institutional investors looking outside traditional JV models?
- Shared Risk - Trickier to predict, what's the best partnership strategy?
- Co-investments - Fee reduction and maximising returns still a sweet deal for future co-investments?
- Repricing - Time to renegotiate and plan exits as the market bottoms out?
- Exit Strategies - Do we have a liquidity problem?
Portugal Mixed-Use
Do the fundamentals match the ticket sizes?
- Allocating Capital - What investment aspects are a must for investors when looking at mixed-use opportunities in Portugal?
- Portfolio Strategies - Is the size of deployments good enough to ensure owners the expected returns in the segment?
- Operational Dynamics - How can it impact mixed-use models? Are we seeing new requirements as a hurdle or bridge to success?
- Competition & Cost - Is the dispute for prime locations and the cost of new deals slowing entries in the market?
Resi Rental Models in Italy
A supply/demand challenge or prime repricing opportunity?
- Pricing - What are the premium deals and assets for resi rental performance?
- Demand - Value in second-tier urban locations or stick with prime?
- Investment - Are the new allocations part of a diversification strategy or rental models proved to maximise robust returns?
- Asset Performance - What's bringing value and outperformance on rental resi assets?
Macro-Economic Growth Outlook
Tailwinds & Headwinds; Where are we?
- Growth Outlook - Solve for interest rates?
- Convergence of Inflation to Target
- Resilience of Labour Markets
- (De)synchronisation of Central Bank Policy - Does it align with business cycle developments?
Net Zero Assets
Is there enough commercial supply?
AI
Habit or hype?
Net Zero Assets
Is there enough commercial supply?
- Green Lending & ESG - Are lenders seeing eye to eye or singing different loan tunes?
- Which Assets are easier to underwrite, which are giving headaches?
- Are investors and developers keeping up with measures and demand?
- Building New vs Redevelopment? - What’s the better option for investors?
- Who’s ahead of the transition and how can we learn from them?
AI
Habit or hype?
- Efficiency AI - New potential to transform and reshape real estate deals with solid foundations?
- Human & Machine Capital - New investment teams in the workplace?
- Capital Allocation - Should data powered by AI be incorporated into our investment decision processes?
- Future Challenges - New improved efficiency on results or just hype?
Investment Cycle
Upturn fun or transaction funk?
Value-add et Opportuniste France
Quels sont les principaux défis à relever pour les investisseurs ?
Inflation Vs Value
Are borrowers & lenders negotiating a new game?
Distress
Will high capital costs twist the top and release the goods?
Recaps & Continuation Funds
Holy Grails or too hard to undertake?
Retail
Defensive growth strategies or battling consumer headwinds?
Co-Living Demand
Simply thriving?
Value Add Capital into Italy
Best in Europe?
CEE Investment Outlook
Are opportunities ripe for the picking?
Inbound Investments Into Portugal
Will legislative changes unlock greater growth for treasure assets?
Investment Cycle
Upturn fun or transaction funk?
- Inflation, Interest Rates, and Recession - How are they still affecting risk appetite?
- Transactions - Finally time to pull the trigger and kick-start dealflow again?
- The Cycle - How are out-of-sync RE cycles affecting different areas and industries?
- Pricing - How to master pricing strategies to weather economic storms and industry shifts?
- Demand - Which sectors are thriving amid economic turmoil?
Value-add et Opportuniste France
Quels sont les principaux défis à relever pour les investisseurs ?
- Prix et Risques - Correction fixée des prix ou remises à approfondir, où chercher du rendement ?
- Investisseurs Profiles - Les volumes de transactions façonnent-ils les nouvelles positions value-add ?
- Réajustement - Qu'est-ce qui mène à une amélioration des rendements avec un financement plus facile ?
- Performance Urbaine - Hausse des transactions value-add dans les emplacements privilégiés à la recherche de projets de régénération urbaine ?
He worked on all types operations: development, yield investment, property trading transactions and supervised more than 500 commercial Real Estate transactions. Jean-Philippe started his career structuring Real Estate investment funds. He then moved to BNP PARIBAS where he held various positions in the Real Estate market. Jean-Philippe graduated from IEP Paris and ASSAS University, Paris.
Inflation Vs Value
Are borrowers & lenders negotiating a new game?
- Commercial RE Values - Will values hold up or is it time to offload?
- ECB - Will rate cuts benefit the market?
- Rates & Inflation - What are the consequences on medium- long term investment strategies?
- Liquidity & Balance Sheets - Are property values and high borrowing costs impacting balance sheets or opening doors to new opportunities?
- USA Impacts - Should we be worried or shall we prepare a safety net?
Distress
Will high capital costs twist the top and release the goods?
- Dislocated market - Expectations of significant distress driving investment appetite?
- Dry Powder - Primed and waiting to seize opportunities in the distressed market?
- The Cycle - If not distressed, where to strike gold in the meantime?
- Bid & Ask Spread - Causing distress delays due to pricing hiccups and shaky buyer/seller expectations?
- Fundraising - Will capital fire into distress or chart a different course?
Recaps & Continuation Funds
Holy Grails or too hard to undertake?
- Liquidity - Delving into the need for existing funds and closed-ended structures?
- Debt vs. Equity - Bridging the gap with mezzanine/whole loan solutions or recapitalization?
- Continuation Funds - Attractive exit opportunity for fund managers to ensure liquidity for investors?
- Refinancing Gap - Will alternative lenders step up to the plate or will recapitalization steal the show?
Retail
Defensive growth strategies or battling consumer headwinds?
- Transaction Volumes - Should we be betting more on retail or fearing a consumer downturn?
- Prime Rental Growth vs Mixed-Use & Mega Regeneration - What is quality, where do we find it?
- Destination & Experiences - Does it give us any premiums to enhance the value of current properties?
- Retail in your portfolios - Do we have a strong thesis backing up the asset or new deals are coming to the table?
Co-Living Demand
Simply thriving?
- Investors’ Appetite - Price points and scalability to drive new liquidity or "hard to find" entry strategies?y?
- Institutional Value - Fresh institutional capital looking at the new surging deals for co-living assets or investors' shifting deployments to "core resi"?
- Demand - Products to keep up in new value proposition, what's left for efficient operational models?
- Development Frameworks – More obstacles than benefits? What to expect from development for finance and rent regulations?
Value Add Capital into Italy
Best in Europe?
CEE Investment Outlook
Are opportunities ripe for the picking?
- Market Overview - What’s behind the market’s shift—policy changes, demographic tides and global investment trends?
- Risk Management - How to mitigate risks and reap long-term rewards?
- ESG - Why is going green the golden ticket to investor interest?
- Trends - What’s heating up the investment scene in CEE office spaces and rental homes?
- Challenges - What are the biggest bumps in the road for CEE commercial RE investors?
Inbound Investments Into Portugal
Will legislative changes unlock greater growth for treasure assets?
- New Regulations - Is legal predictability helping find a new capital audience?
- Finding Value - What assets must be explored? Where to find real returns in the country’s opportunities?
- Addressing Market Fundamentals - Where’s the liquidity for long term consistency plays?
- Ticket Size - Ideal for expanding portfolios into Portugal above all other locations?
The New Urban Matrix
From beyond space, where are competitive values heading?
- Global Urban Landscape - What does the outlook for the world’s major cities look like? What changes should we expect?
- Powerhouse Economies and Megacities - What challenges will they face?
- Global Cities Index - How do we use it to look behind the headlines, and assess cities across multiple indicators?
- Quality of Life Improvements - Which role do they play in the economic development of cities?
George Armitage
Investing in French Regions
How to unlock value and boost the real estate market in the country?
Industriel et Logistique
En plein essor ?
Office Investments
Does fundamental value still hold up?
Life Sciences Growth
Golden age or supply limiting exposure?
Maturing Loans
Sign to fire up capital or sign to trim back?
Senior Debt Truths
You want the whole loan? You can’t handle the leverage!
German BTR
To buy or not to buy?
International Capital into UK
Safe bet or old custom?
Debt Funds into Spain
Seeding strategies for expansion?
Investing in French Regions
How to unlock value and boost the real estate market in the country?
- New Investments - Fresh developments and urban renewal to transform vibrant spaces?
- Time to reinvent and enhance real estate asset values, how to keep asset performance?
- International Investment - Driving force, how is the country positioned to its peers?
- Public and Private Partnerships - What's ahead for the local French dynamics?
- Will the growing real estate complexity and rules bring new opportunities to France?