Investing in Europe with José Pellicer of M&G Real Estate

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Recorded at the Global Property Market Conference in Toronto, we are welcoming José Pellicer who is Head of Investment Strategy with M&G Real Estate. His company is the second largest real estate investor in the UK, and one of the twenty largest in Europe.

Shifting gears in this episode, we’ll hear about the current real estate market from a global perspective. José gets into why Europe is seen as the leader of real estate ESG and why he believes that value-add is going to be ideal for investment this year.

Topics covered include:

  • How Spain’s high unemployment rate in the 90s encouraged José to get into real estate.
  • Why the current environment is different than previous downturns José has experienced.
  • The definition of “core” investments and why M&G focuses on them.
  • José’s prediction that outward pressure on cap rates will be limited to 2022.
  • Opportunity for value-add that may be coming soon.
  • Going up the risk curve as the yield curve rises.
  • The market most insulated from the current market turbulence.
  • Europe’s influence in North American properties focusing on ESG.
  • Financial penalties by regulators in Europe if ESG is not taken seriously.
  • Investing in sustainable materials to get to the net zero target.
  • What caused vehicles to become more fuel efficient and how it relates to real estate.
  • Considerations when investing in countries directly impacted by the Russia/Ukraine situation.
  • What is being seen in various Asian countries.

More about our guest…

José Pellicer joined M&G Real Estate as Head of Investment Strategy in August 2019. He is responsible for setting the investment strategy across the fund range as well as overseeing the development of new products. He has over 20 years research and investment strategy experience in the UK and Continental Europe. Prior to this, he was Global Head of Research at Patrizia AG and a partner at Rockspring PIM prior to its acquisition by Patrizia. He has also worked at Goldman Sachs in the Property Derivatives team and at AEW, where he was Head of its London research operation. Jose began his career in 2000 as a general economist at Deutsche Bank and moved into the real estate division in 2002. José holds a Masters of Real Estate Investment from Cass Business School, a Masters in Quantitative Economics from Université Catholique de Louvain and a Bachelors degree from Universidad Carlos III de Madrid.

The CRE Podcast is powered by First National.

In partnership with Canadian Real Estate Forums.

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