Is there still a place for value-add in a post-pandemic landscape?

Is there still a place for value-add in a post-pandemic landscape?

According to Valeria Falcone, head of value-add investing at Barings Real Estate,

the answer is a firm yes. The opportunities for value-add right now are significant.

Prior to the pandemic, we were seeing more core investors moving along the risk curve due to the shortage of core assets. In fact, institutional investors had signalled a greater appetite for risk at the start of last year, according to the annual global Investment Intentions survey published by INREV, ANREV and PREA — to the point that 20 percent of global investors investing in Europe were citing “opportunity” as their preferred investment style, up from 9.8 percent the previous year and marking the highest percentage since 2009. Naturally, this had an impact on the availability and pricing of value-add assets, and we were increasingly working in a more competitive and crowded market. However, since the pan