Post-pandemic shifts across real estate sectors are offering unprecedented opportunities to create value through repurposing, according to Europa Capital.
In its 2022 outlook report, Paradigm shifts in Europe, the manager says that the economic resilience of gateway cities with financial and tech clusters is likely to endure post-COVID-19. But urban landscapes are likely to change significantly over the coming decades, due to technology supporting flexible lifestyles.
In the paper, Europa Capital says that the shift to more home working will be one of the most important changes, estimating that most analysts now believe there could be a 10 percent reduction in office demand by 2030 across global markets. As a result, excess retail and office spaces will create opportunities for living uses. This will primarily be apartments, but may also involve other types of accommodations, such as senior living and student housing.
Another urban-growth area is likel
