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Meet the team
The case for European real estate
Offices
28%
Residential
25%
Retail
10%
Others***
19%
Industrial
18%
Germany
21%
Italy
11%
United Kingdom
19%
Rest of Developed Europe
28%
France
14%
Spain
7%
+
Source: EPRA (European Public Real Estate Association), as at January 21, 2021.
European commercial real estate by sector**
* Source: EPRA, Commercial Real Estate in Developed Europe, as at December 31, 2021. ** Source: Statista, as at September 30, 2021. *** Others includes: student and senior housing, data centres and logistics.
European real estate stock is ageing
less than 20 years old
over 20 years old
0
0
%
%
and managers can create value through modernising it
Flexibility
Disruptive technology
Focus on sustainability
* Source: Pictet Asset Management, as at March 31, 2022. Number of years of experience in Real Estate.
European commercial real estate by geography*
Want to know more?
We currently have a European core plus opportunity open to investors. Please click here to download our brochure.
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Why Pictet for Real Estate?
European real estate comprises seventeen developed countries, including the UK, and is well-diversified across both well-established sectors such as offices and residential, and newer ones such as last-mile logistics and data centres.
Real estate trends - Barometer
What’s hot with tenants right now…
And what’s not…
click to find out
Unimproved or uncertified buildings which will, quite literally, revert to the value of the dirt they stand on
‘Brown discount’
Refurbing an existing building emits roughly a third of the carbon of building afresh
New-builds
Still not adjusted to hugging and kissing post-pandemic? You aren’t alone. And the best offices aren’t putting you so close to your colleagues.
‘Densification’
With costs on the rise, the days of private individuals renting out one or two apartments as a side-hustle are over. Step in slick corporates offering professional services such as late night plumber at the click of an app.
Small private
landlords
Make your neighbours jealous with your own wind-turbine
Onsite power generation
No self-respecting office should be without a climbing wall, slide or yoga studio. Namaste.
Workplace
zen
Need nappies at 11pm, or pizza at 2am?
Groceries in minutes
For the all-important task of storing those Instagram updates, and located in the Nordics for natural cooling – these are literally ice cold…
Sustainable data centres
It's a market which is evolving fast. We see three main themes driving investment opportunities:
Our highly-experienced investment team has an extensive network and strong reputation, allowing them to identify unique off-market opportunities.
Regional expertise - 6 European investment offices plus 18 Pictet branches
Pictet has been a private Swiss partnership for over 200 years and has EUR 653bn of assets under management or custody.
Our independence and stability mean that investing in real estate is a natural evolution of our capabilities, allowing us to focus on our clients' goals and the creation of long-term sustainable value.
london
madrid
geneva
LUXEMBOURG
berlin
stockholm
Head of Germany
14 years*
Simon Geldmann
Head of Spain
15 years*
Pablo Granell Peris
Head of Acquisitions
22 years*
Charlie Baigler
Head of Asset Management
16 years*
Partha Sarathy
Principal
10 years*
Edward Jackson
Global Head of Real Estate
27 years*
Zsolt Kohalmi
Head of Investor Relations
Ioanna Exarchou
*Source: AMLI Sustainable Living Index 2020. **Source: Strutt & Parker, May 2020.
In the workplace, facilities to socialise, flexible hub offices and ‘home-from-home’ services are increasingly important to attract and retain talent.
In residential properties, ‘Generation Rent’ demands flexibility, healthier living and services on demand, for example:
71%
24%
52%
want flexible live/work layouts, e.g. home office space for working-from-home**
want health and wellbeing-related aspects in their developments*
want a garden or more outdoor space**
How – and where - we live, work and play is changing fast. Successful real estate owners are adapting their properties to cater to more flexible living and working.
Source: Invest in Manchester, 2021
Disruptive technology
number of overseas students
UK's
highest
people within a one-hour drive
foreign professionals in the North West region
230,000
languages spoken
200+
enrolled students,
46% stay to work post-graduation
100,000+
7.2m
Google, Amazon and BNY Mellon have also chosen to make Manchester their home
Recently voted the Best UK City to Live in
(The Economist, 2019)
Start-ups in sectors like AI, advanced materials, Internet of Things and MedTech are flourishing
Birthplace of the Industrial Revolution
Technology is changing how we use our buildings. It’s also changing what we use them for, creating investment opportunities. From a new generation of tech heavy tenants, to the warehouses they need to fulfil the rising wave of e-commerce, and the data centres that power this new economy.
+
Meet the resident
We are a cloud database company headquarted in California and Manchester is our support and engineering hub. The world-class universities make it easy to attract the technically-minded people we need, and we chose our offices at 35 Dale Street (acquired by Pictet in 2021 as part of the Elevation 1 portfolio) because of the character, original features and flexible space - this helps us to be more collaborative, and for innovative ideas to flourish! The area (Northern Quarter) is perfect for a young, dynamic company, with plenty of bars, restaurants and independent businesses a stone's throw away. We love Manchester!
Huw Owen
Vice President of EMEA at Couchbase
Focus on... Manchester
of the world's 2,000 largest companies have now committed to a net-zero emissions target*, either voluntarily or because they will soon be required by regulation.
in
1 5
Race to net zero
* Source: UK-based Energy and Climate Intelligence Unit (ECIU) and Oxford Net Zero, March 2021.
Reducing the impact of real estate on the environment and climate change, as the buildings and construction sector are the largest emitter of CO2.
Source: A Renovation Wave for Europe greening our buildings,
creating jobs, improving lives. European Commission, 2020.