Pan-European Industrial & Office: Walking on Egg Shells

Structural demand headwinds (WFH) or tailwinds (Ecommerce) for each of the Office and Industrial property sectors, respectively, are well understood. Yet cyclical factors affecting occupational trends are no less impactful to near-term fundamentals. Meanwhile, the current bout of jitters in the debt markets is not just hurting prospective returns achievable by leveraged buyers. Bidders requiring no debt are also nervous regarding the direction of travel for B/B+ quality real estate pricing after sizeable falls in the past six months – c.15% for Industrial and c.25% for Office. Join us for a 45-minute webinar digging into the investment implications for each of the Pan-European Office and Industrial sectors from here onwards. Topics include:



• Public and private market valuations: What the REIT and corporate bond markets are saying about the likely direction of private market pricing in Europe from current levels?

• Macro indicators: What are sentiment readings, white-collar job growth and ecommerce penetration rates telling us?

• Operating fundamentals: Green Street's medium-term market rent growth expectations by sector/geography

• Capital allocation: Which geographies are likely to outperform across each of Office and Industrial