Key takeaways from Thomas Lloyd-Jones and Giovanni Larcher, who attended GRI Institute Europe 2025 in Paris last week.
The push for ESG and sustainability keeps rising:
• Energy efficiency, decarbonisation, sustainable materials, and regulatory frameworks imposing tighter disclosures.
• The post-COVID environment encourages rethinking space to increase hybrid use, flexibility, and resilience.
The search for yield continues:
• Geographical/jurisdictional variations continue to be pronounced.
• Sectors such as living, hospitality and logistics are attracting the most interest from investors.
Market realities:
• Lenders take a conservative approach to underwriting with inflation and valuations still in flux.
• Although there are pockets of heavy competition, many areas suffer from a lack of liquidity.
Creative capital solutions:
• Capstack solutions are often found creatively in a debt-equity continuum.
• Capital providers need to possess a variety of instruments and structures to house those solutions.
• This represents a competitive edge in addressing deal-specificities and sponsors’ requirements.
