Europe’s real estate reset: Capital flows and credit bring cautious optimism

In this special episode of the PERE Podcast, Jay Patel, Managing Director at Arrow Global, joins Avri Luoma, Head of European Investment at Cain International, to assess the shifting landscape of European real estate. With institutional capital rebalancing away from the US and financing conditions improving, both equity and credit strategies are back in focus. While Avri outlines sectoral trends and the return of core capital, Jay brings a capital flows perspective shaped by recent fundraising across global investors. Reflecting on the timing, Jay said:

“We’re potentially going into that goldilocks moment… if you invest in a new strategy now, its investment window will coincide with historically lucrative vintages post big traumatic events in the financial system”.

For allocators navigating a market defined by uncertainty and opportunity, this conversation offers measured insight into where capital is moving and why.