Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment company, has launched its Pictet Real Estate Capital – Elevation Fund I SCSp (Elevation I) for professional investors.
“Europe is currently the most attractive global market for real estate investment on a risk-adjusted basis,” said Zsolt Kohalmi, global head of real estate and co-CEO of PAA. “It has stable cap rates due to continued low interest rates and has finally started seeing rental growth. We expect the volatility in Europe in the coming years to provide interesting entry point opportunities. We believe that Europe will remain a compelling investment opportunity in real estate for some years to come.”
Elevation I will invest in direct property assets in smart and gateway European cities. Such cities are at the forefront of economic digitalization and enjoy favorable demographics from strong urbanization trends. Elevation I will follow a value-add investment
