Reflecting on the 9th TCP Expo Real Aperitif: Navigating the Challenges of the Real Estate Industry

On October 8th, 2024, during the Expo Real in Munich, the 9th TCP Expo Real Aperitif gathered real estate professionals at the H4 Hotel for an evening of insightful conversations and brainstorming. Against the backdrop of an industry facing significant turbulence, the atmosphere was one of pleasant exchange and camaraderie, proving that even in challenging times, valuable connections and discussions can be fostered.

The last two years have been far from easy for real estate. With interest rates having risen dramatically over a short period, the transaction market has seen little to no activity. Investors have shifted their focus towards refinancing, ESG compliance, and portfolio repositioning. In the past, many investors made their bets on declining interest rates. Today, however, the strategy has pivoted—investment decisions are increasingly focused on operational aspects and gaining a deeper understanding of evolving market demand.

The impact of the COVID-19 pandemic still lingers, reshaping how occupiers engage with properties. These changes were front and center during discussions at the event. We explored how artificial intelligence could help address new occupier demands and improve market responsiveness. The buzz around AI was undeniable, as technology becomes more crucial in shaping the future of real estate.

I was pleased to receive feedback from several clients who appreciated the relaxed and pleasant ambiance of the reception. It was a great opportunity to discuss pressing topics in a warm, collaborative environment.

Special thanks go out to the companies that made the evening a success: Baker Tilly, Corestone Legal, Cabot Properties, TCP Brokerage, MIMCO, Barbara T. Lewandowicz, Aroundtown, Apleona Real Estate Management, aedifion, HRO, GSK Stockmann, Patrick Wewer, ArsReal Invest , Anni Hoenicke, Executive Search, Jens Fisser (MBA), GREA, Stefan Knafl, Ulrich Munkert, Jacek Kułakowski, CFA, MRICS Hanno Schrecker, MRICS, KEYINVEST, AFIAA Investment Foundation for International Real Estate Investments, Dentons, aam2core Holding AG, Stefan Klingsoehr, Or Zohar, FUNDREAL, Drooms, Serris Reim, EMERALD ADVISORY SERVICES LTD, TIMBRA Consulting GmbH, Aurelis Real Estate, Michael Englisch, LCN Capital Partners, and Mertesacker Family Office.

Looking ahead, it's clear that the future of real estate will rely on adaptability and innovation. The conversations at the TCP Aperitif highlight the growing need for agility in meeting the shifting demands of occupiers and leveraging technology to stay ahead in an ever-changing market.