The first day of GRI Europe 2020 kicked off with a discussion on “Development Deals – Limbo, Limited Pipeline or Never Better Yields.” The panel of real estate industry leaders were cautiously optimistic about the opportunities in the post COVID-19 world.
Here are some highlights from the discussions:
- Residential including PRS schemes, logistics, data centre were most favored. However, opportunities in office in areas with favorable demographic trends were highlighted.
- Hospitality in vacation focused sectors will be ok, but hotels focused on the business traveler will take a long time to come back and are under the most stress.
- In terms of lending, liquidity has picked up but banks financing will prove challenging.