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Read more: What’s to blame for the office market’s descent?
Blackstone, a leading global investment firm, has already invested roughly €3.5 billion ($3.8 billion) in Europe this year, according to Bloomberg. McCarthy explained that its focus lies on properties with strong potential for rental growth to offset higher borrowing costs. Sectors such as warehouses, student housing, and lab space are particularly attractive to Blackstone.
With access to extensive data, McCarthy emphasized that Blackstone’s transactions are driven by informed decision-making.
“We have more data than any other investor on the planet,” McCarthy said. “That informs where we transact.” While the company remains selective, she said Blackstone is prepared to capitalize on short-term and long-term strengths in the market.
In the German commercial real estate market, the volume of deals in the first half of the year fell to about two-thirds below the long-term average. However, pressure is mounting on landlords who need to sell assets to reduce their growing debt burden resulting from declining asset values.
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