Europe’s Battered Listed Landlords Are Preparing for a Rebound
- Landlords have raised €18 billion, nearly double 2023 levels
- Investment revival signals brighter mood, through risks remain
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A dormant construction site visible from the back door of Berlin’s grand Hotel Adlon is emblematic of the boom turned bust in Europe’s real estate markets, but investors that gathered recently at the five-star establishment have started to look past symbols like the hole in the ground across the street and toward a nascent recovery.
At the EPRA conference in Berlin last week, publicly traded landlords and their financiers enthused over the prospects for the commercial property sector. It was a noticeable change after two years of gloom, when a collapse in real estate stocks foretold an impending plunge in valuations.