I started with Institutional Real Estate, Inc back in February and it has been an interesting ride. After meeting and talking with count-less GPs and LPs and attending industry events such as the INREV Conference in Barcelona, the Expo Real event in Munich and our editorial advisory board meeting in Italy, I am begin-ning to find my feet.

When working on the latter and recruiting LP investors for our meeting, it became clear that 90 percent or so of European real estate AUM seems largely to be relatively concentrated in very specifi c markets of just the Netherlands, the United King-dom, Germany and the Nordics.

There is, of course, a big difference between the geo-graphic sources of capital and where it is deployed in the European market, where there is more than €2 trillion of Euro-pean commercial real estate held in institutional portfolios. And a bit more in residential.

I am fascinated with the fl ows of capital within Europe

and also in and out of