{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Havenstone Stack","title":"Expo Real 2026 Insights on European Real Estate","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/f8bccfd4\"></iframe>","width":"100%","height":180,"duration":1765,"description":"European real estate investors face persistent market friction from elevated capital costs and compressed yields following Expo Real 2026. Achieving sustainable returns requires moving away from passive yield compression towards active value creation across property assets.\nThis discussion explores how debt and equity financing structures adapt to evolving market baselines across major European regions, building directly on key takeaways from Expo Real 2026. Key topics include shifting lender appetites, regional market divergence, and strategies for closing valuation gaps between operating partners and institutional investors.\nBruno Silva, Partner at Havenstone Capital, joins the platform to share first-hand observations from Expo Real 2026 in Munich. Bringing extensive expertise across equity and debt markets, he provides actionable perspectives on navigating current transaction dynamics.\nTHINGS WE SPOKE ABOUT\nExpo Real 2026 sentiment and shifting European capital baselines.\nAsset class performance across living, logistics, and data centres.\nClosing return expectation gaps between operators and institutional LPs.\nEmerging credit opportunities and alternative lender sector appetites.\nRegional market analysis across Germany, Italy, Poland, and Spain.\nGUEST DETAILS\nBruno Silva is a Partner at Havenstone Capital with extensive experience across European debt and equity markets. He specialises in real estate investment management, structured finance solutions, and portfolio underwriting across diverse property asset classes.\nQUOTES\nInvestors are starting to get used to the new baseline, meaning higher capital costs, which trickles down to more soft cap rates and driving value through active asset management. - Bruno Silva\nThere's still a mismatch between operating partners and their backing capital in the LPUs or the institutionals. - Bruno Silva\nThere is clearly a shift in the alternative lenders for yields in this particular case. - António Dias\nKEYWORDS ...","thumbnail_url":"https://img.transistorcdn.com/N6tAJ1g7pscYJ_9Pdcsr9VXpGScT73k-QbTWy5LqEpY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jYzA4/MTdkOTQ4NTZkMzcz/YTM2YzRkNzM0ZDY0/MzJlZS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}