This week I was at Helaba in Frankfurt's Main Tower. Prof. Dr. Tobias Just presented the current results of the German Debt Project 2024, a market study by IREBS Immobilienakademie that provides detailed insights into current developments in commercial real estate financing in Germany. Based on data, surveys, and interviews with various commercial and mortgage banks, the analysis shows how the market is changing and what trends are expected in the future.
A panel discussion followed after the presentation with valuable insights into real estate financing challenges and opportunities.
Panelists:
Prof. Dr. Tobias Just (IREBS Real Estate Academy)
Jan Peter Annecke (Helaba)
Jens Tolckmitt (Association of German Pfandbrief Banks)
Aygül Özkan (ZIA Central Real Estate Committee)
Sven Carstensen (bulwiengesa)
Presenter: Markus Hesse (IVA Analytics)
In short:
Real estate is being scrutinized more critically by banks. Core properties are in demand. ESG criteria are gaining in importance. Increasing focus on sustainability. More equity is required for prolongations. Increase in regulation restricts banks' financing options. Potential to exacerbate crises. Regulation creates false incentives to finance properties that are already sustainable. Brown-to-green developments have a greater impact in terms of decarbonization.
Many thanks to the IREBS Immobilienakademie and Helaba for hosting this insightful event with subsequent networking.
My special thanks also go to Jan-Hendrik Novotny (STROTBEK & Co. Partners Group of Real Estate), who brought the event to my attention.
For all those interested: The complete study "German Debt Project 2024" is now available for purchase from the IREBS Real Estate Academy.
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