Last week, Thylanders’ Deputy CEO, Søren Vendelbo Jacobsen, had the pleasure of participating as a speaker in the concluding panel debate at Ejendomsdagene 2023.   
  
Together with Michael Bruhn, Director at PFA Ejendomme and Marius Møller, Director at PensionDanmark, Søren shared his thoughts on the current state of the real estate industry and the potential for innovative future approaches to property transactions: 
 
"Even though interest rates have increased substantially, the fundamentals of professionally managed real estate in terms of supply and demand remain very attractive. The current slowdown in transaction volume is a result of repricing of the cost of capital for all asset classes including real estate. Due to the illiquid nature of privately owned real estate, the attractiveness of the Danish mortgage system and the interest rate hedges that investors have put in place during times of low interest rates, it does not surprise me that value adjustments take longer for our asset class than others. But this does not change our fundamental opinion i.e., that real estate because of its attractive underlying fundamentals continues to be an attractive part of any portfolio". 

Thank you to everyone who attended and to those we had the pleasure of connecting with during the event.