On March 23, the Nordic Real Estate Forum will be held in Tallinn, which will focus on changes in the real estate sector. Glimstedt is a partner of the conference and you can meet our experts at the event.
According to Gert Jostov, chairman of the board of the Estonian Real Estate Association, volatile times await the real estate market. Due to the war in Ukraine, the volume of direct investments in Estonia has decreased, which, however, offers additional opportunities for the real estate sector. At the same time, high inflation and the growth of the Euribor have inhibited people’s interest and opportunities to obtain loans for the purchase of real estate. “Still, I believe that the Estonian real estate sector is well prepared for difficult times. The key issue for the acceleration of the real estate market here will be the price of money,” said Jostov.
Randu Riiberg, partner
Glimstedt partner Randu Riiberg: “The variables of recent years – the pandemic, Russia’s aggression against Ukraine – have changed the real estate market in a way that made operating there more uncertain and difficult to predict. It has also been a time for opportunities and victories, and it is necessary to be ready for rapid changes, adaptations and negotiations.”
According to Ero Viig, head of Swedbank’s real estate department, there have been changes in the environment around us in recent years that no one could have predicted before. The current sentiment of the Nordic bond market has so far had a limited impact on the Baltic real estate sector, but it is difficult to predict whether it will remain so. During the last year, the acronym ESG and the green turn in real estate, which have been increasingly talked about, are an area of increasing importance for institutional investors, banks and tenants alike. Real estate has been and will be one of the most important sectors in Swedbank’s financing portfolio in the past, so it will be interesting to hear and important to know what different top specialists in their field think about future developments.
Nordic Real Estate Forum 2023 will host two prestigious keynote speakers. Swedbank Group Deputy Chief Economist Nerijus Mačiulis talks about falling inflation, rising interest rates and uncertain asset values. Newsec partner and research manager Adam Tyrcha‘s presentation will be titled “Futurama: What’s next for Nordic and Baltic real estate”.
The central focus of the forum is changes in the real estate sector. Six panel discussions bring together industry specialists from around the world for an in-depth discussion. Among other things, tips for real estate investments in 2023 are given, economic trends and risks are discussed, and the future of logistics real estate. A separate panel is also dedicated to ESG in real estate, and a discussion of commercial and development real estate will focus on the workspaces of the future. The day ends with a commercial real estate panel with future trends and news.
Almost 400 people from more than 10 countries take part in the forum, and 35 recognized experts in their field share their knowledge. Additional information and the full program can be found on the conference website: www.nordicreforum.com.
Nordic Real Estate Forum 2023 partners are Swedbank, Newsec, East Capital, Colonna Grupp, Baltic Horizon Fund, Technopolis Ülemiste, Advokaadibüro Glimstedt. The forum is organized by the Estonian Real Estate Association, the Estonian Real Estate Appraisers Association, the Estonian Chamber of Real Estate Agents and Corpore Conferences.
Glimstedt law firm has been operating in Sweden since 1935, being one of the oldest law firms in the region. In 1997, Baltic representative offices were opened in all three capitals in Estonia, Latvia and Lithuania, in 2022 a cooperation agreement was signed with the leading office of Ukraine, Ilyashev & Partners. Glimstedt has extensive expertise to provide strategic support to his clients, including M&A, dispute resolution, real estate, corporate business, insolvency, intellectual property and more.
