SPONSORED: Ardian — Now may be a good time to invest in European real estate

The pandemic’s effect on office use may have caused some investors to be wary about stepping back into that market. But not so the Real Estate Team at Ardian. In an interview published in the March issue of Institutional Real Estate Americas, Stéphanie Bensimon, head of Ardian Real Estate, makes the case that current market dynamics make now a good time to invest real estate in Europe. Office vacancy in top European cities is low compared with U.S. gateway cities, and economic activity is more concentrated in those European cities. “What we continue to see in the European markets is limited supply for high-quality office buildings in the most attractive locations,” says Bensimon. “Since the pandemic, vacancy has been very low in city centers in Europe, and there has also been a delay in construction that has constrained much of the office supply. We also see more regulatory constraints in Europe, especially with regard to taxonomy and environmental considerations,