In this episode, Alex Koriath talks to Dr. Christian Wiehenkamp, Chief Investment Officer of Perpetual Investors, about the new reality of asset allocation in the private markets space.
Despite a decline in the retail park investment volume in 2024, the asset class is off to a positive start in 2025. The market picked up at the end of the year with 41% of annual sales in Q4. This is the result of the first Grocery Investment Market Report by BNP Paribas Real Estate.
According to Aengevelt, the house price index has risen for six quarters in a row; in the 1st quarter of 2026 by 1.4 percent compared to the previous year. The connection to construction interest rates is loosening. The market diverges regionally: highest growth in apartments in sparsely populated districts, in some cases declines elsewhere.
Savills is investigating how the reuse of building materials reduces the carbon footprint of demolition and subsequent new construction of office buildings. London, Amsterdam and Paris are in the lead, Berlin is in fifth place. Nevertheless, renovation usually remains the most effective measure.
