Real Asset Live, Online Event
There was already a real momentum behind the senior living and healthcare sectors in Europe pre-crisis, with demographic factors pointing to increasing demand and low supply. The Covid-19 health crisis has created an even greater focus on the senior living, care and healthcare sector and especially the implications for real estate. What used to be an alternative asset class had become significantly more mainstream as it moved up the agenda of institutional investors from all over the world. This sector is likely likely to grow in importance and focus post-Covid.
Senior living is huge in the US and Japan and growing in France and other parts of Europe, driven by long-term demographic trends and changing elderly living habits. According to recent research, the European senior housing investment volume totalled more than €700m in the first three quarters of 2019. Investment in healthcare has reached its highest ever level, with the majority targeted at the elderly/long-term care sector.
Part of the attraction for healthcare in particular are long stable leases and long-term cash flows. Another positive is that healthcare is not as directly linked to the economic cycle as other sectors. What is the current position in terms of these sectors? What is the outlook both short, medium and longer term? There are marked differences between Northern and Southern Europe. What are the key trends and which countries offer the best opportunities? Based on demographics change potential, the maturity of housing markets, private wealth of the elderly population and government old-age pension levels, Germany, France, the UK, Italy and Poland offer the best opportunity for the senior housing demand to expand.
Is it possible to have a Pan-European strategy in this sector? Institutional investors are looking for large ticket sizes and portfolio deals: where are they likely to find them? The operational side is a key challenge: how important is it for investors to strike an alliance with the right operator? What are the pitfalls to avoid? How has the industry reacted to the challenges faced by the health crisis and what are the key trends going forward?
Attendance is free for this interactive online event but registration is essential – please book now to ensure your place and receive your link to join the Real Asset Live event.
Please Note that all timings are based on the UK timezone. The event begins at 09.30 UK / 10.30 CET
Président Mozaic Asset Management, France
Partner Triginta Real Estate Fund, Belgium
Ron van Bloois
Partner HEVO, Netherlands
Executive Director, Operational Real Estate CBRE, United Kingdom
Managing Director, Netherlands Cofinimmo, Belgium