10th Real Estate Research Roundtable: Performance Is Created at the Asset Level – Opportunities in Office, Residential, and Logistics

Intro

At the tenth edition of the Real Estate Research Roundtable, leading market and investment experts examined current developments across the office, residential, and logistics sectors. Participants included:

• Prof. Dr. Felix Schindler, Head of Research & Strategy, HIH Invest
• Tobias Kassner, Head of Research & ESG, GARBE Industrial Real Estate
• Christian Müller, Head of Research Strategy Germany, Savills Investment Management
• Andreas Trumpp, Head of Market Intelligence & Foresight, PTXRE

The central conclusion of the discussion was clear: while macroeconomic dynamics define the overarching framework, actual performance is generated at the level of individual locations and assets. For long-term investors, the key question therefore becomes:

How can value potential in office, residential, and logistics real estate be precisely identified and effectively unlocked in today’s market environment?

Office: Select Quality, Realise Potential

Public discourse around remote work, artificial intelligence, and space efficiency has significantly shaped perceptions of the office market. A data-driven analysis, however, reveals a more nuanced reality. Hybrid working models have stabilised, prime locations continue to attract demand, and modern, ESG-compliant space remains scarce.

As succinctly summarised during the roundtable: “Less, but better office space.”

This environment presents opportunity. Repricing within core segments has created selective entry points. At the same time, tangible value enhancement can be achieved through:

• Targeted ESG transformation strategies
• Repositioning of functionally obsolete assets
• Implementation of contemporary use concepts
• Active tenant management
• CapEx programmes with clear return orientation

Residential: Strategically Leveraging Stability

A structural supply-demand imbalance persists across many European metropolitan markets. Ongoing urbanisation, demographic shifts, and migration continue to underpin resilient fundamentals.

As emphasised in the discussion: “Resilience is found at the micro level.”

Success therefore depends on granular analysis of location, regulatory frameworks, and rental potential. PTXRE delivers transparency through:

• Detailed regulatory and market assessments
• Robust rental potential analyses
• Differentiated evaluation of metropolitan and regional markets
• Structured, asset-level cash flow modelling

In an increasingly selective investment landscape, disciplined micro-level analysis remains the decisive lever for sustainable performance across asset classes.