EMEA Living Investor Survey 2024

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EMEA LIVING INVESTOR SURVEY

STABILISED STOCK, JOINT VENTURE AND FORWARD FUNDING ARE INVESTORS’ PREFERRED DEAL STRUCTURES IN EUROPE 07

BASED ON OUR SURVEY RESPONSES, STABILISED STOCK IS ONE OF THE MOST POPULAR ROUTES TO MARKET WITH 26% OF INVESTORS VOTING IT AS THEIR PREFERRED DEAL STRUCTURE. Purchasing stabilised stock is low risk as investors can analyse the assets performance before they purchase it. It is also the quickest way to own an income producing assets and scale can be achieved if a portfolio comes to market. That being said, opportunities vary greatly by living subsector and geography.

Joint venture is also a preferred deal structure - voted for by 26% of investors - as partnering with an experienced developer gives investors the opportunity to link the deal to asset performance or exit pricing, allowing shared risk and upside.

WHAT IS THE MOST LIKELY DEAL STRUCTURE YOU ENVISAGE USING OVER THE NEXT 1-3 YEARS?

26% JOINT VENTURE

6% REPOSITIONING

18% FORWARD COMMITMENT/PURCHASE

24% FORWARD FUNDING

26% STABILISED STOCK

Source: Cushman & Wakefield, February 2024