Insights

European real estate debt continues to gain prominence among institutional investors, offering the potential for attractive risk-adjusted returns and downside protection through senior secured positions in the capital stack.

European real estate debt continues to expand as a compelling asset class, driven by stricter bank regulations limiting traditional lending and a surge in borrower demand amid refinancing waves and ongoing funding gaps.

Our award-winning emerging markets team analyse the latest developments shaping global trade and their impact on emerging economies.

When the waste we create leaves our homes, where does it go?

With more than 30 years of experience navigating US equity markets, Sunil Reddy, Head of Fiera Apex and Lead Portfolio Manager of Fiera Capital’s US Small-Mid Cap Growth strategy, has witnessed multiple market cycles and shifting investment paradigms.

Risk appetite deteriorated and financial markets were mainly in risk-off mode in February, with mounting risks of a trade war injecting some volatility into the marketplace and weighing on investor sentiment.

DeepSeek AI, a Chinese startup, has recently made headlines with its latest AI model, DeepSeek-R1.

Financial markets began 2025 on a positive note following the inauguration of President Donald Trump in mid‑January – even despite his looming threats to impose tariffs on Canada, Mexico, and China.

If I had to draw a line separating a ‘before’ and ‘after’ of UK real estate, it would be early in the 2010s. That feels recent for what is often described as the world’s oldest asset class, but back then the investable universe available to institutions was a slither by both scale and sophistication, to what it has now become.

Equity returns were positive in the fourth quarter with a continuation of a divergence in returns between smaller cap and mega cap companies.

This article discusses the outlook for the European real estate debt market for 2025 and the consequent opportunities for institutional investors.

Read our latest quarterly Investment Outlook and Portfolio Strategy document, providing a financial market recap for Q4 and our outlook for the next 12-18 months.