European real estate investors will move into the 'future core'
‘Future core’ will be a dominant theme for foreign investment into European real estate this year, delegates heard at the PropertyEU Global Capital Flows & Investment Roundtable.
‘Core is increasingly expensive in Europe, so investors are already pushing into the fringes, edge of core, future core submarkets, turning secondary into prime,’ said Mat Oakley, head of UK and European research, Savills (pictured). ‘This push into non-core locations will intensify as investors search for more yield but also follow tenants’ shifting preferences. Refurbished, funky, tech and media-friendly offices will deliver above-average returns.’