Opening Talkshow

Germany’s Investment Cycle Reset – Where Pricing, Credit and Timing Converge

• Rates & Debt Costs — Where are financing costs heading, and what does that mean for leverage and pricing?
• Costs & Rents — What’s happening to expenses and rent growth, and how does that flow into NOI?
• Demand & Occupiers — Which sectors have stable tenant demand, and which are still weakening?
• Deals & Capital — Who is buying now, and what will bring more transactions back?
• Refinancing & Distress — Where is refinancing pressure building, and where could forced sales emerge?

Alternative Hospitality

Where Flexible Stays Meet Investor Demand

• Concept Landscape — How are hybrid and alternative stay concepts evolving across Germany’s main cities and regional hubs?
• Operating Models — How do lease, management and franchise structures differ from classic hotels and what does that mean for risk and returns?
• Sites & Development — Which locations and building types work best for alternative hospitality (new build vs. conversion, high street vs. secondary)?
• Capital & Returns — How do investors price these assets versus hotels and living, and which strategies (core, value-add, platform) dominate?

New Ways of Living

Where Emerging Concepts Meet Institutional Capital

• Living Spectrum — How do PBSA, co-living, micro-living, flex living and senior housing each fit into the German housing story?
• Operating Models — How do branding, services, occupancy management and operating risk affect returns vs. classic resi?
• Development & Scale — Where is it still feasible to develop and scale new living platforms (locations, unit mix, planning)?
• Partnerships — How can investors, operators, cities and universities cooperate to unlock land, approvals and long-term pipelines?

Germany’s Opportunistic & Value Add Strategies

Where Repricing Meets Active Risk

• Finding Mispricing — Which assets, sectors and locations in Germany show real dislocation vs. fundamentals?
• Business Plans — What are the most common value-add plays today: lease-up, capex, repositioning, change of use?
• Distress & Recaps — Where are recapitalisations, loan workouts and forced sales creating entry points?
• Risk/Return — What target returns are needed now, and how are managers underwriting exit risk and liquidity?

Beds, Boxes and Bytes

Where Logistics Demand Meets Investor Capital in Germany

• Capital Allocation — How does German logistics compete with living, offices and alternatives for capital in 2026?
• Beds, Boxes & Bytes — How are e-commerce, urbanization and digital supply chains driving demand for space?
• Development & Land — Where is new stock still viable given land, zoning and construction costs?
• Operators Demand — What are 3PLs, retailers and manufacturers asking for in location, size and lease terms?
• Germany’s Role — How does Germany position itself in the European logistics corridor for the next cycle?

Funding the Deal

German Real Estate Debt: Terms, Risk and Capital Stacks

• Who’s Lending & Where — Which lenders are active today (banks, Pfandbriefbanken, debt funds), and which sectors/strategies are they backing or avoiding?
• Risk Pricing & Terms — How are margins, LTVs, covenants, amortisation and “go/no-go” criteria changing by sector, location and sponsor quality?
• Refinancing Wall & Solutions — Where is refinancing pressure highest, and what tools are emerging (extensions, recapitalisations, rescue capital, amend-and-extend)?
• Banks vs. Private Credit — Where do banks step back and debt funds step in—and what’s the pricing and flexibility trade-off?
• Capital Stack & Security — How are senior, mezzanine, preferred equity and JV equity being combined, and how are intercreditor terms/collateral packages evolving?

Housing Under Pressure

Where Shortage, Regulation and Capital Meet

• Supply & Demand — Where is Germany’s housing gap most acute, and how is it showing up in rents, vacancy and absorption?
• Regulation & Delivery — How do rent controls, local planning rules and permitting timelines shape what gets built, refurbished or acquired?
• Office-to-Residential Reconversion — Where can office stock realistically be converted, what are the key technical/legal blockers, and how does it price versus new-build?
• Costs, Financing & Viability — How far do land, construction and debt costs constrain new schemes and upgrades—and what structures make deals work?
• Capital & Returns — Where does residential still offer attractive risk/return for core, value-add and opportunistic investors, and which segments are most scalable?

Data Centers in Germany

Powering the Next Cycle

• Capital Allocation — How do data centers in Germany compete with logistics, living and classic core assets for capital?
• Location & Power — Which German regions still offer the right mix of grid capacity, fibre and planning conditions?
• Hyperscalers & Tenants — How are cloud and platform clients shaping lease terms, contract length and risk?
• Development & Conversion — When does it make sense to build new vs. convert existing sites or industrial assets?

Retail 2026

Where Repricing Turns into Reinvention in Germany 

• Repricing & Liquidity — Have values stabilized, and where is real transaction evidence in German retail?
• Formats & Locations — Which work best today: high streets, retail parks or malls?
• Tenant Demand — What are key retailers asking for on size, terms and flexibility?
• Omnichannel Impact — How are online, click-and-collect and new habits changing store footprints?
• Repositioning & Mixed-Use — When does reinvesting vs. repurposing retail actually pay off?

Middle Plenary

Strategic Capital Partners – Where Sovereign, Institutional & Family Wealth Steer Germany’s Property Market

• Capital Perspectives: How do sovereigns, institutional investors and family offices each view Germany in their global allocation?
• Sector Focus: Which themes resonate most, living, logistics, alternatives, hospitality, data centers, or repositioning plays?
• Time Horizons: How do investment horizons and return expectations differ across capital types, and what does that mean for exits?
• What’s Next: Which macro or market signals will drive big allocation decisions into (or out of) Germany?

ESG in Action

Asset Management Levers for Value in Germany’s Next-Gen Sectors 

• Living & Affordable — How to upgrade, decarbonise and protect NOI in regulated residential.
• Hotels & Extended Stay — Which ESG actions cut opex and improve financeability fastest.
• Data Centres — How power, heat reuse and water strategy shape “bankable ESG.”
• Retail Parks (Grocery-Led) — Using ESG capex to reduce costs and strengthen tenants.
• Urban Logistics — Meeting occupier demands with PV, charging and efficiency upgrades.

JVs & M&A

Where Partnerships Drive Real Estate Deals in Germany 

• Why Partner? — When do JVs, club deals or minority stakes work better than buying alone?
• Pricing & Terms — How are parties bridging valuation gaps and negotiating governance, fees and exits?
• Capital Structure — How are equity, preferred equity and debt funds being combined in current deals?
• Domestic vs. International — How can German players and global capital best align interests and timelines?
• Opportunities Ahead — Which sectors or situations in Germany offer the most room for JV and M&A activity?