Quarterly market commentary, capital flow analysis and structural notes on European real estate, project finance and cross-border investment from the Panthera partners and senior team.
After 18 months of repricing, prime European logistics and residential are showing the first signs of yield compression. We map where institutional capital is moving — and why.
Sovereign and family office capital from the Gulf is rotating from listed equities into European real estate debt and equity. We size the opportunity and the structuring implications.
EUR 180bn of European commercial real estate debt matures in 2026. Why bridge and mezzanine capital is structurally undersupplied — and how sponsors should prepare.
The next cycle of distressed European real estate will be solved through capital structure repair, not foreclosure. A practitioner's view on portfolio-level workouts.