A line appeared to be drawn under tariff uncertainty at the end of July, with the U.S.-E.U. trade deal being struck – just as the European real estate market entered its traditional summer lull. As real estate investors returned to their desks in September, many were pondering the question: where do we go from here?

As global markets adjust to the economic aftershocks of Liberation Day and shifting tariff regimes, European real estate is emerging as a relative outperformer. In contrast to the US, where oversupply and elevated vacancy rates are weighing on performance, Europe’s property sector is benefiting from a more balanced supply-demand dynamic, underpinned by low vacancy rates and constrained new development. Here, we examine why the region is well-positioned to deliver income growth - even in a subdued macroeconomic environment.

Accepted wisdom is being questioned in ways not seen for a generation.

Opting to renovate existing real estate logistics assets can help accelerate the decarbonization pathway of a real estate portfolio while improving risk-adjusted returns potential. Through our manage-to-green approach, we highlight how Fidelity International’s pan-European climate impact logistics strategy is tapping into this compelling opportunity.

A new investment framework to balance risk and growth.