In the fourth episode of our European tour, HB Reavis' Steve Skinner and CBRE’s Alastair Perks and Simon Brown explore how asset renewal, sustainability priorities and operational excellence are transforming real estate development across Europe.

Recorded in London, this discussion with Raimondo Amabile, Co-CEO of PGIM Real Estate, focuses on RealAssetX—the company's innovation lab that's leveraging AI to improve building operations and asset performance.

Key Takeaways:

· PGIM Real Estate’s RealAssetX lab is focused on transforming real estate investing through AI, sustainability and operational efficiency, signaling a shift from traditional asset management to tech-enabled value creation.

· Investors are reallocating capital to Europe and Asia, reflecting a broader trend toward geographic diversification and shifting regional macroeconomic confidence.

· Applications of AI in building systems, such as HVAC optimization, are delivering significant energy savings, demonstrating the potential for improved net operating income (NOI) and sustainability.

· New AI tools are being developed to estimate embodied carbon at scale, positioning sustainability as a core factor in asset valuation and investment strategy.

· Rental housing, logistics, data infrastructure and real estate credit are key areas of investor focus, while office assets require a highly selective, value-add approach.

AEW's Chief Investment Officer and Head of Private Equity and Private Debt in North America, Mike Byrne and CBRE's Vice Chairman and Co-Head of US Large Loans in Debt & Structured Finance, Tom Traynor provide insights on how real estate investors today can mitigate risk and uncover opportunities by strategically deploying capital across diverse asset classes and regions.

insights on deploying global capital:

· Today's market demands flexible investment strategies that can adapt quickly to geopolitical shifts, interest rate changes and capital market volatility.

· High-quality office assets in prime locations are piquing investor interest, offering potential upside while demand for class B/C assets remains muted.

· Debt capital availability is improving, with both traditional capital sources and alternative lenders actively competing to finance deals.

· Investors are increasingly targeting high-growth submarkets, prioritizing local demand drivers over broad asset class preferences.

· Technology and AI are influencing investment decisions, with growing potential to enhance underwriting and portfolio strategy.

In this second installment of our series on Europe, Schroders Capital’s Nick Montgomery and CBRE’s Lee Bruce share insights on AI-driven strategies, sustainability and asset repricing.

From This Episode: Recent insights on the U.K. investment market:

• U.K. investment volume has picked up since late last year, buoyed by international capital.

• AI and data tools are streamlining everything from valuations to investment analysis, enabling faster, more informed decisions while freeing up time for high-value activities.

• The office sector continues to bifurcate, with top-tier, amenity-rich spaces commanding strong rents while the lowest-grade assets face obsolescence or conversion.

• Sustainability is a key performance driver, with occupiers and investors increasingly rewarding green buildings and penalizing outdated, inefficient assets.

• Despite global uncertainty, international capital, particularly from Asia and Australia, is returning to the U.K., signaling renewed confidence in its real estate fundamentals.

Recorded during a CBRE event in Barcelona, Panattoni’s Robert Dobrzycki and CBRE’s Jack Cox explore the European logistics market with a focus on opportunities in today’s market.

1. Growth in Europe’s Industrial & Logistics sector is expected to driven by demand from 3PLs, e-commerce and manufacturing.
2. Operational expertise is crucial in Industrial & Logistics, particularly in denser urban environments.
3. Data centers is a growing niche, with high investment potential.
4. The European logistics market is more fragmented than in the US. There's also less development and labor costs play a bigger role in the investment equation.
5. Geopolitics, evolving trade policies and technology advancements all have an influence on the European logistics market.

· With sub-3% vacancy and strong rent growth, Industrial Outdoor Storage (IOS) is outperforming traditional industrial assets.

· Zoning and entitlement hurdles limit new IOS development, boosting demand for existing sites.

· Major investors are amassing IOS portfolios, following the path of self-storage and single-family rental.

· IOS supports logistics, construction and utilities with strategic infill locations and flexible outdoor space.

· Electrification and evolving logistics technology are reshaping IOS.

Macquarie Group’s Andrew Burdick pulls the curtain back on the company’s newly reimagined Americas headquarters in Midtown Manhattan. Burdick and CBRE’s Lenny Beaudoin discuss how design, flexibility and sustainability can converge to create spaces that foster innovation, support company culture and drive long-term value.

· Workplace design can reflect and reinforce your organization’s mission and culture. When space aligns with purpose, it becomes a tool for engagement, innovation and long-term employee satisfaction.

· Design an office to support various ways of working like collaboration, focus and events. This maximizes space efficiency while supporting evolving work patterns.

· Open staircases and shared social zones drive spontaneous interaction, collaboration, creativity and a sense of community.

· A great workplace integrates technology seamlessly from smart systems to digital collaboration tools, creating a cohesive experience for in-person and remote colleagues.

· Measure engagement and satisfaction and make them the barometer of success.

CEO John Santora discusses WeWork’s revival, and its focus on real estate fundamentals, disciplined growth and delivering flexible, hospitality-driven office solutions worldwide.

· WeWork has repositioned itself as a real estate-first company focusing on strategic locations, hospitality services and profitability.

· Demand for flexible office space is accelerating, with enterprise clients requiring scalable, adaptable solutions.

· Tech, finance and pharma are setting the pace for demand.

· WeWork has begun training its staff using Ritz-Carlton’s hospitality standards.

· Today, WeWork utilizes revenue-sharing, management agreements and traditional lease models.